SBM renovates staff accommodation as recruitment race heats up

Monte-Carlo Société des Bains de Mer has completed a major renovation of its seasonal staff accommodation and is pressing ahead with the construction of two new residential buildings, as the Principality’s largest private employer prepares for the 2026 summer season.

The group currently provides 334 beds across properties in Cap d’Ail, Beausoleil, Roquebrune-Cap-Martin and Menton, offered to seasonal employees and interns at preferential rates or free of charge.

Renovation complete

The latest phase of refurbishment, now finished, covers apartments at the Tenao residence in Beausoleil and the New Beach residence in Roquebrune-Cap-Martin. Works included the replacement of all windows and furniture, along with full renovations of flooring, bathrooms, electrical installations, lighting, kitchen areas and paintwork. Every unit in the group’s existing owned stock has now been brought up to the new standard.

*The New Beach residence in Roquebrune-Cap-Martin has stunning sea views. Photo credit: Monte-Carlo Société des Bains de Mer*

The renovation programme was driven by Stéphane Valeri, SBM’s Président-Délégué, who prioritised the modernisation of staff housing upon his arrival in 2023. The project was led by Sophie Vincent, Director of Human Resources, and Luc Leroy, Director of Construction and Built Heritage.

Two new buildings in the pipeline

SBM is also constructing two new residential buildings to expand its portfolio. The Mimosas building in Roquebrune-Cap-Martin will provide 37 beds and is expected to be ready in 2027, while the larger Foch building in Beausoleil will add 88 beds in 2028. Both will offer individual bedrooms and bathrooms, parking, a laundry room and Wi-Fi access, at below-market rents.

*The shared kitchen space at New Beach. Photo credit: Monte-Carlo Société des Bains de Mer*

Broader recruitment strategy

The accommodation offer forms part of SBM’s wider employer brand strategy, marketed under the “We are Monte-Carlo” banner. The group positions the housing as a competitive advantage in a tight recruitment market, alongside salary scales above French and Italian equivalents, recruitment days held in Monaco and abroad, profit-sharing arrangements, and internal training through the MC SBM Academy.

Seasonal employees and interns who do not live in the Alpes-Maritimes department are eligible for the scheme for the duration of their contract. Senior staff relocating to the region can also access the housing during an initial transition period.

Stay updated with Monaco Life: sign up for our free newsletter, catch our podcast on Spotify, and follow us across Facebook,  Instagram, LinkedIn, and Tik Tok.

Photo credit: Monte-Carlo Société des Bains de Mer