Libra Internet Bank has lowered the sale price of the 4-star Best Western Plus Expocenter hotel from EUR 6.9 million to EUR 6.1 million.
Officially opened in October 2015, and purchased in 2014 from BCR by
Businessman George Padure acquired the unit in 2014 from BCR, accessed a loan from Libra Bank, and modernized the hotel with EUR 1.5 million. He attempted to sell the hotel unit or at least find a specialized company to operate it.
The Expo Center Hotel, which was affiliated with the international Best Western chain, has 88 rooms, including 15 suites, plus a penthouse with a sauna and jacuzzi, 2 restaurants, 2 terraces, and 5 conference rooms.
Source: Economica
Frequently Asked Questions
What is the current asking price for Best Western Plus Expocenter?
The current asking price is EUR 6.1 million, reduced from the previous price of EUR 6.9 million by Libra Internet Bank.
What facilities does the hotel offer?
The hotel features 88 rooms (including 15 suites and a penthouse), 2 restaurants, 2 terraces, and 5 conference rooms.
Who is the current owner and what investments were made?
The hotel was acquired by businessman George Padure in 2014 and underwent a EUR 1.5 million modernization process.