The 3-star La Dolce Vita Hotel in Bran, operated by a company with Israeli shareholders, has been closed and put up for sale for €1.4 million. The hotel, which opened about 10 years ago, has failed to exceed a 40% occupancy rate since its opening.
The hotel was built from scratch with a bank loan of approximately €1 million, due in 2020; the contracting company is now entering bankruptcy following the hotel unit’s modest results.
La Dolce Vita features 45 rooms, a 200-seat restaurant, a disco, and a spa center.
Recording losses, the operator placed the hotel into insolvency and decided to attempt a turnaround. However, last autumn, the court ordered bankruptcy, as the company’s total debts exceeded €1.2 million.
Source: Profit
Frequently Asked Questions
What is the sale price of the La Dolce Vita Hotel?
The hotel is listed for sale for 1.4 million EUR.
What led to the hotel’s bankruptcy?
The bankruptcy was triggered by low occupancy rates (under 40%) and total debts exceeding 1.2 million EUR.
What are the main features of the property?
The hotel offers 45 rooms, a 200-seat restaurant, a disco, and a spa center.