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A 5-min. stroll from the main Monaco action, the Ambassador makes a bargain base from which to explore the Principality. Elegant guestrooms benefit from a style overhaul. Dimensions are tiny, however (but the entire country occupies 202 hectares/less than 1 sq. mile, so little wonder). A buffet breakfast (included in the price) is offered next door in the cheap and tasty P&P restaurant and pizzeria. Patrons also receive a 10 percent discount off all meals at the same establishment.