Hotel Transactions Gain Momentum in the Real Estate Market
Hotel transactions accounted for 6% of the total real estate transactions in the first half of this year. In the first half of this year, three hotels were the subject of transactions on the local market: Hotel Onix in Cluj-Napoca, DoubleTree in Oradea, and Golden Tulip in Bucharest.
Babeș-Bolyai University in Cluj-Napoca acquired Hotel Onix, one year after purchasing the Opera Plaza hotel for 40 million RON.
The transaction regarding the Golden Tulip hotel in Bucharest was announced as early as 2020, but it was only finalized this year. Thus, the Fattal Group acquired the hotel in the capital from Atlas Estate.
The third transaction in the hotel market was DoubleTree, the hotel in Oradea, sold by SIF Banat-Crișana to a local entrepreneur, Sandu Pop. The transaction value amounted to 11 million euros.
Frequently Asked Questions
What percentage of real estate transactions did hotels represent in H1?
Hotel transactions accounted for 6% of the total real estate market volume in the first half of the year.
Which hotels were sold in Romania during this period?
The three major transactions involved Hotel Onix in Cluj-Napoca, DoubleTree in Oradea, and Golden Tulip in Bucharest.
Who acquired the DoubleTree hotel in Oradea?
The hotel was purchased by local entrepreneur Sandu Pop from SIF Banat-Crișana for 11 million euros.