The Constanța County Council has decided not to exercise its right of preemption over the Rex Hotel Complex in Mamaia, a historical monument of national value put up for public auction with a starting price of EUR 10.23 million. The decision was adopted on Wednesday during an extraordinary meeting led by the institution’s president, Florin Mitroi, after authorities were officially notified by a judicial executor regarding the sale of assets owned by the debtor company REX Mamaia SRL.
The foreclosure procedure targets two distinct assets located in the Mamaia resort. The first property consists of the six-level hotel complex (ground floor, reception floor, and four floors) with a built area of 4,776 sqm, situated on a 7,426 sqm plot. The starting price for this property is EUR 9.49 million. The second asset is the parking lot associated with the complex, located on a 2,345 sqm plot, valued at a starting price of EUR 745,000.
Despite the objective’s classification as a historical monument according to Law no. 5/2000, county councilors voted to waive the acquisition, allowing the public auction to proceed. In the same meeting, the officials approved the update of technical-economic indicators for the rehabilitation of the “Filiala 1 Constanța” building and modified a December 2025 resolution regarding the county’s investment plans.
Frequently Asked Questions
What is the total starting price for the Rex Hotel?
The total starting price for the two assets, comprising the hotel building and its parking lot, is EUR 10.23 million.
Why did the County Council need to vote on this sale?
Because the Rex Hotel is classified as a historical monument, the local government has a legal right of preemption to purchase the property before it is sold to private entities.
What is the current status of the Rex Hotel property?
The property is currently under foreclosure and is being sold to cover the debts of the company REX Mamaia SRL.