Rare 15th Century Chateau Turned Into A Hotel In 1993 In Carcassonnes, SW France For Sale

Today, we present to you a rare and exclusive medieval chateau in SW France that has tremendous potential with a new owner.

Object:

Located in Carcassonnes, the south-west of France, for sale. 

Historic 15th century Château converted to hotel in 1993;
Approximately 40,000 sq ft of building structures;
Situated on an expansive approx. 80 acres of land (66 plots);
16,000 sq ft building plot available for expansion;
50 acres of former vineyard can potentially be re-planted;
Designated 4-star hotel;
Certificate of Excellence by Trip Advisor;
Buildings, infrastructure & equipment well maintained. 


Building(s) for hotel & restaurant:

22 spacious rooms:
+4 suites up to 5 persons;
+1 apartment, incl. 2 bedrooms, 2 bathrooms, 1 kitchen, 2 living rooms;
+1 owner duplex apartment incl. 2 living rooms, 2 kitchens, 2 bedrooms and 2 bathrooms (not currently part of the hotel rooms);
In addition, in a separate building, 1 loft and staff quarters (up to 10 staff members);
Banquet room (converted from winery);
Wedding reception hall (can hold up to 200 guests);
Terrace with panoramic views of the surrounding mountains;
Indoor and outdoor swimming pool;
Sauna and hammam.

Land + Buildings:

66 plots of land over 80 acres;
6 buildings of around 40,000 sq ft;
16,000 sq ft building plot available for expansion;
Owner’s apartment of 1,420 sq ft with 2 private patios.

Current state/arrangement of object + opportunity to increase its value

Optimize assets: Owners approaching retirement; property potential under-utilized;
Hotel closed January to mid-March, & closed again November and December;
Room rates range from $150-$350 depending on season;
30% occupancy mid-March-June; 70% occupancy July & August;
Significant revenue increase if opened all year around;
Currently not being properly advertised thru travel agent networks & internet to full extent;
Large potential revenue increase if marketed for weddings and conventions;
Potential for 5-Star rating and join venture with Hotel chain;
Potential for gourmet restaurant & wine cellar;
Currently a staff of 10 full time employees.

Ask price indication: USD 18 mln

Buyer to submit a NDA - LOI to connect with seller.

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Upon signing a non disclosure agreement, more details shall be provided.