On January 10, the Tax Authority is putting the Romanta and Prahova hotels, located on the seaside and owned by the Micula brothers, up for auction again, but this time at a price reduced by 25% compared to the evaluation price, after no one bid on the seized properties during the first auction.
Regarding Hotel Craiova, its execution has been suspended. The company Hotel Club Estival 2002, which owns Hotel Craiova in the Olimp resort, submitted a request for payment rescheduling, thus suspending the execution.
For Hotel Romanta, a 5-story building of 2,144 sqm, the Tax Authority asked for 9.6 million RON; for a nightclub building also within the Romanta complex – 380,000 RON; parking – 87,600 RON; a 2,361 sqm restaurant – 2.2 million RON; and urban land of 14,300 sqm – 4.7 million RON.
For Hotel Prahova, with an area of 1,630 sqm and 5 floors, the Tax Authority asked for 10.9 million RON, of which 1.9 million RON was the value corresponding to the 4,678 sqm land.
For Hotel Romanta, the new starting price was set at 7.24 million RON, reduced by 25%, as with all other properties within this complex put up for sale at the first auction. In the case of Hotel Prahova, the new price is 8.22 million RON.
Source: Profit
Frequently Asked Questions
Why are the Romanta and Prahova hotels being auctioned again?
The hotels are being put up for sale again because no bids were submitted during the first auction organized by the Tax Authority.
What is the price reduction applied for the second auction?
The starting price for the Romanta and Prahova hotels has been reduced by 25% compared to the initial evaluation value.
What happened to the execution of Hotel Craiova?
The execution of Hotel Craiova was suspended after the owner, Hotel Club Estival 2002, submitted a request for a payment installment plan.