Constanța County Council is considering not exercising its pre-emption right over the real estate complex of the former Narcis Hotel in the Saturn resort, put up for sale by THR Marea Neagră S.A. at an estimated price of EUR 1.429 million. Although the property is located in an archaeological site of national importance, the acquisition is not a priority for the county authorities.
The property, registered in Land Registry No. 102356 of Mangalia municipality, includes urban land of over 13 thousand sq.m. (12,976 sq.m. in official documents and 13,179 sq.m. measured), the former Narcis Hotel (ground floor and five floors, with a footprint of 1,467 sq.m.), the Narcis Restaurant (1,522 sq.m.), and an annex. The location of the land and buildings within the archaeological site “Tumular Necropolis of Mangalia municipality” (Class A, LMI code CT-I-s-A-02696.07) subjects the transaction to the provisions of Law No. 422/2001 on the protection of historical monuments.
The procedure was initiated after the Ministry of Culture informed the authorities, through address No. 4415 of June 17, 2026, that it does not intend to purchase the property, transferring the priority right to the local public administration. The Museum of National History and Archaeology Constanța (MINAC) also proposed not exercising the pre-emption right, specifying that no archaeological research is being carried out on the land. The President of the Constanța County Council, Florin Mitroi, stated that the county budget does not have the necessary funds for an investment exceeding EUR 1.4 million, and the acquisition does not constitute an institutional priority.
Frequently Asked Questions
Why is Constanța County Council not buying the Narcis complex?
The council lacks the necessary funds in the county budget for an investment exceeding EUR 1.4 million, and the acquisition is not considered an institutional priority.
Who is selling the Narcis Hotel complex in Saturn?
The complex is being offered for sale by the company THR Marea Neagră S.A. at an estimated price of EUR 1.429 million.
Why was the pre-emption right offered to local authorities?
Because the property is located within a Class A archaeological site (“Tumular Necropolis of Mangalia municipality”), statutory rules under Law No. 422/2001 grant state and local public authorities priority purchase rights.