The Best Western Plus Briston Hotel in Otopeni has been put up for sale for EUR 4.9 million. Additionally, the owner does not exclude the option of renting the building for EUR 30,000/month.
The hotel has 92 rooms, is classified at 3 stars, holds a Best Western franchise, and is located at the Otopeni bridge ramp, over the Capital’s beltway.
“The hotel is for sale because, at this moment, it cannot be operated. When the pandemic started and we put it up for sale, we asked for EUR 5.9 million, but now we have lowered the price significantly and are selling it for EUR 4.9 million,” stated Liliana Chiracu, the representative of the building’s owner.
She added that the tax for such a building amounts to EUR 50,000/year, which means that during this period it produces nothing but consumes money.
The investor does not exclude the possibility that the buyer or tenant might reconvert the hotel into a nursing home, a business that could be more profitable than tourism under current conditions. The building has four floors and a total useful floor area of 3,900 sqm. The restaurant has 150 seats, a conference room, and an entertainment room. All rooms have individually controlled air conditioning, flat-screen cable TV, WiFi internet, a desk, an electric kettle, a safe, and a minibar. The hotel features 2 elevators, heating plants, a water management plant – its own water source, a fire station (smoke sensors, indoor and outdoor sirens, indoor and outdoor hydrants), and an illuminated billboard that can be rented, as well as a private parking lot with 150 spaces.
Frequently Asked Questions
What is the selling price of the Best Western Plus Briston Hotel?The hotel is currently listed for EUR 4.9 million, down from an initial asking price of EUR 5.9 million.
What are the main facilities of the property?The hotel features 92 rooms, a 150-seat restaurant, conference and entertainment rooms, and a private parking lot with 150 spaces.
Can the building be used for other purposes?Yes, the owner suggests the building could be converted into a nursing home, which might be more profitable in the current market.