Lithuanian hotel operator Apex Alliance Hotel Management, which manages five hotels in Bucharest, is analyzing several offers to sell the 4-star Hilton Garden Inn Bucharest Airport, the first hotel located in an airport in Romania.
In 2023, the establishment had business of 43.5 mil.
RON and a net profit of 11,6 mil.
RON, with 60 employees.
Apex’s strategy is to sell the hotels in the post-inauguration period.
Since 2019 all 5 hotels of the Lithuanian hotel operator Apex Alliance Hotel Management are up for sale, but the operator has been facing the pandemic and post-pandemic period.
Apex Alliance has started to receive several offers from investors interested in buying the Otopeni airport hotel.
Hilton Garden Inn Bucharest Airport opened in August 2019, has 218 rooms and required an investment of 19 mil.
EUR.
Apex Alliance Hotel Management is an independent lithuanian operator that develops long-term hotel management partnerships with institutional investors, owners or investment funds for hotels already in operation or in the investment phase.
The company operates five hotels in Bucharest with a total capacity of over 1,000 rooms.
These are Hilton Garden Inn Bucharest Old Town, Hilton Garden Inn Bucharest Airport, Courtyard Bucharest Floreasca, Moxy Bucharest Old Town and The Marmorosch Bucharest.
The Group has invested around 120 mil.
EUR so far in hotel properties in Romania.
Last year there were 6 transactions in the hotel sector in Romania, with a cumulative value of over 50 mil.
EUR, as follows:
- Theodora Becali Mincu, the eldest daughter of businessman George Becali, and her husband, Mihai Theodor Mincu, sold the former 5-star hotel Inter in the Venus resort to the Zamfir family, owners of Energoutil Contact in Bucharest, in a transaction worth 8 mil.
EUR, which brought the Becali family a profit of 1.2 mil.
EUR. - The Aro Palace company, whose majority shareholder is the Transilvania Investments fund, sold last summer the Corona-Postăvaru hotel in Brasov for 9.4 mil.
EUR 9.4 million to a company indirectly owned by entrepreneur Tudor Iliescu.
The buyer is known for selling language learning app Mondly to British giant Pearson. - Unita Turism Holding Timisoara sold for 5 mil.
Fântânele complex on the banks of Lake Beliș in Cluj to Transilvania Quest Cluj. - The owners of the Balvanyos Resort hotel in Covasna county, Lorand and Zsuzsanna Szarvadi, the former being also the founder of the DOMO chain of shops, have bought the K+K Elisabeta boutique hotel in the center of the capital from the Indian conglomerate InterGlobe.
- HR Group, the company of businessman Ruslan Husry, one of Germany’s largest hotel owners, has entered the Romanian hotel market by taking over the four-star Vienna House Easy Airport Bucharest, the former Angelo, near Otopeni Airport, after a deal worth hundreds of millions of euros with Austrian company Vienna House Capital and Thai company U City PCL.
- SIF Banat-Crisana, Lion Capital sold for 11 mil.
EUR 11.11 million for the 4-star hotel Doubletree by Hilton Oradea to Sandu Pop, a tourism entrepreneur from Oradea.
The year 2024 started with a deal in the hotel sector.
The Austrian group House of Julius Meinl, which owns the two largest chocolate factories in Romania, Kandia and Heidi, has bought Hotel Ambasador, one of the best-known hotels in Bucharest, after a complex transaction involving legal entities and the heirs of architect Arghir Culina, who designed the building in the 1930s.