Confidential opportunity to acquire a historic hospitality asset located in the highly sought-after Carré d’Or district of Nice, just steps from the Promenade des Anglais. This character building dating back to the late 19th century offers approximately 80 keys across four levels and benefits from generous volumes, high ceilings, and dual access via elevators and staircases. The property is currently operating and generates stable occupancy, with a diversified and loyal clientele base. A significant portion of the rooms has already undergone renovation, while the remaining inventory presents clear value-add potential. Following a complete refurbishment program, the asset could be repositioned into a higher category segment, increasing ADR and overall profitability. Additionally, urban planning regulations may allow vertical expansion, offering substantial long-term development upside for a strategic investor. This opportunity is ideal for hospitality operators, private investors, or family offices seeking a core-plus / value-add asset in one of the French Riviera’s most resilient year-round markets. Full financials and technical documentation available upon NDA. Strictly confidential.