BRD is once again forcing the sale through auction of one of the largest hotels in Azuga, Cautis, rated 4 stars, in order to recover part of the loan granted to the operating company, which has since entered insolvency. The bank is now granting a drastic reduction in the starting price compared to previous sale attempts, from €2.7 million to €1.15 million.
This time as well, the hotel is being put up for sale through the judicial liquidator.
The hotel operator entered insolvency in 2016 with total debts of 12.3 million RON, of which 11.2 million RON represents a loan contracted from BRD. Subsequently, in February of this year, it entered bankruptcy.
Hotel Cautis in Azuga had suspended its operations in the spring of 2015 but maintained its 4-star classification. The unit has 35 rooms and suites and is built on a 1,316 sqm plot of land, with a ground footprint of 703 sqm.
Source: Profit
Frequently Asked Questions
Why is Hotel Cautis being auctioned?
The hotel is being auctioned by BRD to recover a debt of approximately 11.2 million RON from the operator, which is currently in bankruptcy.
What is the current starting price for the hotel?
The starting price has been reduced to €1.15 million, down significantly from the previous attempt of €2.7 million.
What are the main features of Hotel Cautis?
It is a 4-star hotel in Azuga with 35 rooms and suites, situated on a 1,316 sqm plot with a 703 sqm footprint.