The Restoration is well underway on the Monastero as the Hotel is being prepared to become a luxurious and intimate 20-suite retreat. The 16th century Monastero is being restored to its original charm, while being further enhanced with sumptuous design. Artisans and craftsmen are refreshing frescoes and woodwork. Handmade crafted windows are being placed, and antiques are being collected. The hotel will combine the best Italian style of rusticity and modern amenities. Stylish features lend an Italian air, such as ancient frescoes, cotti tile and marble floors, original cobblestone and Italianate gardens and fountain, gastronomic dining and splendid wines, and a magnificent Italian-tiled swimming pool.
Hotel Monastero di Cherasco owners and guests will enjoy a wide wealth of luxury services and amenities. Indulge in the concierge services, airport transportation, biking and hiking tours, wine maker dinners, private dining, and guided wine tours to the many villages of the Barolo and Barbaresco DOCG. Take a tour to nearby Portofino, Torino, Milano, Monte Carlo, or a ski trip to the majestic Alps.
Perched on what once were the ancient ramparts of the city, with panoramic views of the endless Le Langhe valleys and castle-dotted hilltops, the Hotel Monastero di Cherasco is sure to be the hub of activity, as well as a perfect spot to enjoy lingering lunches, cappucino stops during bike rides, and relaxing strolls through magical Cherasco.
Prices ranging $300,000 - $350,000
5% down at contract closing +/- one year
60/40 split income (60% to owner)
Access to all hotel amenities for owners and guests
HOA dues estimate $250/mo
All-season hotel with activites year-round
Hotel suites approximately 400 sq. ft.
Hotel suites nightly rate: 170-300 Euro/night
Hotel managed through luxury hotel management
Restaurant(s) will feature a regionally famous chef
Hotel Monastero di Cherasco is a American LLC
Anticipated Grand Opening: 2009
"Le beau coin d'Italie" — Napoleon