Transilvania Investments to sell six hotels on Romanian seaside

Investors interested in developing business on the Black Sea coast, the most important tourist area in Romania, now can purchase 2, 3 and 4* hotels in the resorts of Eforie Nord and Eforie Sud. The assets are being put up for sale by THR Marea Neagra, a company in which Transilvania Investments holds the majority stake, as part of the fund’s strategy to reposition its portfolio in the hospitality sector. The sale of the 6 hotels will take place through auctions scheduled to start on 25 January, and the tender documents are available at THR Marea Neagra’s headquarters.

With more than 200 rooms and a wellness centre, the Bran-Brad-Bega Complex in Eforie Nord is the most important asset on the list proposed to investors. The unit is rated 4*, and the location on the beach and additional facilities (outdoor pool, bar, etc.) allow the development of all-inclusive concepts increasingly in demand by Romanian tourists. Also in Eforie Nord, the 2* Jupiter and Venus hotels and the 3* Diana hotel are on sale. For the Eforie Sud area, the Capitol and Magura hotels offer a total capacity of over 300 rooms in a resort traditionally dedicated to family tourism.

After the sale of these hotels, Transilvania Investments will focus on the development of the more than 3,500 accommodation places on the coast that remain under direct or indirect management. Another 3,400 accommodation places in the country are owned by the investment fund in resorts such as Baile Felix, Covasna, Tusnad, Buzias, Predeal and Brasov, as well as in Ploiesti.

“Each accommodation unit in the portfolio has an individual strategy, adapted to market conditions and with a long-term vision, which will allow it to reach its full potential. Transilvania Investments remains the most important tourism investor in Romania in terms of assets under management and our role is to support a coherent development, in the interest of our investors”, says Radu Rosca, Executive President of Transilvania Investments.