Coulthard to sell $70m Monaco hotel

(GMM) David Coulthard is set to secure a multi-million dollar windfall by selling his five-star hotel Columbus in Monaco.

The Red Bull driver and resident of the Principality co-owns the luxury facility with hotel magnate and fellow millionaire Ken McCulloch, who has apparently fallen out with a third partner, Chicago-based Peter Morris.

It is reported in British newspapers that the pair are seeking (US) $70 million, through the property agent Christie and Co.

Christie and Co would not confirm the official valuation of the 181-room hotel to the media, but director Jeremy Hill said it is one of very few independently-owned properties in Monaco to come on the market.