There’s a new trend sweeping across France—and it’s not wine or war museums. It’s château conversions, where ultra-high-net-worth investors, family offices, and creative entrepreneurs are reviving historic estates and turning them into high-yield hospitality plays.

When most people think of French châteaux, their minds wander to wine cellars, silk wallpaper, and romantic decay. But in today’s world of shifting capital, cultural hunger, and high-net-worth lifestyle shifts, these