The Premier Palace & Spa Hotel, controlled by the company Premier Palace, currently in insolvency, is put up for sale for the amount of 6.9 million EUR.
In 2019, the company had revenues of 11.2 million RON and losses of 3 million RON. Last year, Premier Palace recorded revenues of only 157 thousand RON. Premier Palace is 99% controlled by a company called Krinada Limited based in Cyprus.
The property consists of two building blocks. The first block has 60 rooms, a restaurant with a capacity of 200 seats, and two bars. The second block counts 20 rooms, a restaurant, a spa center, a semi-olympic indoor pool, and a conference center. The hotel is located in the Ghencea area.
The auction for the sale of the hotel will take place on May 26.
Frequently Asked Questions
What is the asking price for the hotel?
The Hotel Premier Palace & Spa is listed for sale for 6.9 million EUR.
Where is the property located?
The hotel is situated in the Ghencea area of Bucharest.
What facilities does the hotel offer?
The property features 80 rooms, two restaurants, a spa center with a semi-olympic indoor pool, and a conference center.