Businessman Mohammad Murad has purchased Hotel Craiova in Olimp from the Micula brothers for 1.6 million EUR. He intends to integrate it into a complex that will include Amfiteatru-Panoramic-Belvedere, acquired 2 years ago from Josef Goschy, as well as Hotel Majestic.
The complex is expected to have 1,200 rooms and 3,000 places and be transformed into a 4-star all-inclusive resort, following a 40 million EUR investment, a sum that includes the acquisition of the hotels.
Source: Profit
Frequently Asked Questions
Who bought Hotel Craiova in Olimp?
Businessman Mohammad Murad purchased the hotel from the Micula brothers.
What is the value of the transaction?
The acquisition price for Hotel Craiova was 1.6 million EUR.
What are the future plans for the hotel?
It will be part of a 1,200-room 4-star all-inclusive resort following a total investment of 40 million EUR.