Businessman Vasile Albulescu, the owner of the Carol Park hotel, is trying to sell the asset or lease it to a specialized operator. According to market sources, the asking price for the sale is 6 million EUR.
"When he saw this building, the current owner fell in love with it, but later understood that having such a property in his portfolio also demands an immense responsibility," says Anca Nedea, a hotel industry specialist representing the owner in his efforts to lease or sell. She adds that
Anca Nedea, a hotel industry specialist representing the owner in his efforts to lease or sell, stated that it is very difficult to operate such an exclusive hotel without being specialized in the field. This reason led the owner to consider leasing the building and, eventually, a sale. “It can also be sold, but it is not the owner’s first option," added Anca Nedea.
The former owner of Carol Park was Adrian Petre, who purchased the building for 1 million USD in 2003 and, after a 6 million EUR investment, transformed the building into a luxury hotel. The hotel was affiliated with Small Luxury Hotels, being the only one on the local market included in the top luxury units by the American magazine Conde Nast Traveler.
Among the personalities who have crossed its threshold are singer Beyonce, actor Nicolas Cage, Deep Purple, and Enrique Iglesias.
In 2008, Adrian Petre tried to put the hotel up for sale for 14 million EUR. Finding no clients, 2 years later he lowered the price to 11 million EUR, and after a few more years, he dropped the price to 7 million EUR. Subsequently, Petre’s company entered insolvency, and the hotel went into foreclosure.
Source: Profit
Frequently Asked Questions
Who is the current owner of Carol Park Hotel?
The current owner of the hotel is businessman Vasile Albulescu.
What is the asking price for the sale of the hotel?
The requested price for the sale of the asset is approximately 6 million EUR.
Which international personalities have visited the hotel?
Famous guests include Beyonce, Nicolas Cage, Enrique Iglesias, and the band Deep Purple.