Soon to become a boutique condo hotel, Palma Mysuite Monferrato spans approximately 3.4 acres and features a 14th century historic castle and palazzo (palace) on its beautiful grounds.
The developer plans to fully renovate the property and grounds. The palazzo will have hotel rooms, not for sale. The castle will have 20 condo hotel suites which are for sale to individual investors. Each suite will have its own designated private garden behind the castle, which can include a Jacuzzi as an upgrade.
The castle has a colorful history, having weathered battles between multiple families and passed down through the generations. It was even once bestowed to a duke as a dowry for one of the owner’s daughters.
Over the centuries, the castle has been reconstructed, renovated and expanded multiple times. However, the reconstructions are said to have stayed true to the original design, preserving the castle’s charm.
As part of Palma Mysuite Monferrato’s $6 million restoration and renovation, luxury amenities will be added including:
- A lounge and Italian bar offering aperitifs and appetizers
- Luxury spa with discounted rates for all treatments
- 120-seat fine dining restaurant
- Swimming pool
- Children’s playground
- Room service
Because the property is located in Italy’s wine country, Palma Mysuite Monferrato will have its own private vineyard and a cellar with professional winemakers on staff. Owners will be able to participate in wine production if they’d like.
The vineyards of Monferrato and nearby Langhe are UNESCO World Heritage Sites to be forever preserved. The area is known for its Barolo, Barbera and Barbaresco wines, as well as white truffles and round Alba hazelnuts used to make the well-known chocolate spread Nutella.
Condo hotel owners will be able to use their suites up to eight weeks per year. When they’re not using them, they’ll be placed in the hotel management program to generate revenue.
Palma Mysuite Monferrato owners also have the option of spending some or all of their eight weeks at two other existing properties in Italy in the Palma Mysuite chain, both in the process of being converted into boutique condo hotels with luxury amenities. One property is in Milan where construction has been ongoing for months and should be complete by June 2021. The other is in Lake Garda and scheduled for construction completion by the end of 2023.
Palma Mysuite Monferrato is located 37 miles from Turin, which has the closest international airport. Turin features elegant tree-lined avenues with art nouveau cafes, museums, cathedrals and the Reggia de Venaria, one of the world’s largest royal residences and now a UNESCO World Heritage site visited by millions of tourists.
Palma Mysuite Monferrato is also near many golf courses, ski resorts and thermal baths. Throughout the area are ancient vineyards, secular wine cellars, old farmhouses and Middle Age towers and castles, plenty to keep visitors busy on their exploration of the region.
Refurbishment of Palma Mysuite Monferrato began in September 2020 and is expected to be complete by the end of 2022.
The 20 condo hotel suites located in the castle include one-bedroom units starting at approximately $354,000 and two-bedroom, two-bath units starting at approximately $822,000.
The units will be delivered ready for use with furnishings valued at $48,000 – $75,000. Prices are provided by the developer in Euros, so their estimated conversion to U.S. dollars may fluctuate.
If you are interested in learning more about Palma Mysuite Monferrato, please feel free to ask specific questions or request our detailed data sheet. We will respond within 24 hours (usually much sooner). Contact Joel Greene at Joel@CondoHotelCenter.com or call (954) 450-1929.