The Bucovala family, which owns several hotels on the coast, is acquiring the Oltenia hotel complex in the Olimp resort for EUR 2 million. The transaction price includes the 13-story building, the restaurant, and approximately 9,000 sqm of land.
The Bucovala family already owns the Steaua de Mare hotel complex in Eforie Nord, the Tomis hotel in Mamaia, and the Cupidon hotel in Venus.
The Oltenia Hotel, rated 2 stars, is located in the north of the resort, about 100 m from the beach, but has been in a state of decay for some time. The unit has a capacity of 220 places, spread over 13 levels in 207 double rooms and 13 apartments.
Source: Profit
Frequently Asked Questions
Who purchased the Oltenia Hotel in Olimp?
The hotel was acquired by the Bucovala family, who already own several prominent hotel properties on the Romanian seaside.
What was the transaction value for the Oltenia complex?
The acquisition price was EUR 2 million, covering the 13-story hotel building, the restaurant, and 9,000 sqm of land.
What other properties are in the Bucovala family’s portfolio?
Their portfolio includes the Steaua de Mare complex in Eforie Nord, the Tomis hotel in Mamaia, and the Cupidon hotel in Venus.