Businessman Stere Darlaiani, who owns the Scala Hotel in Constanta and has real estate investments on the coast and in Bucharest, has purchased the Terra Hotel in Neptun from the Micula brothers.
For the 2-star hotel with 320 rooms, Darlaiani paid EUR 2 million and is set to invest another EUR 2.5 million for renovation and modernization. The hotel is scheduled to open next year with a 4-star classification.
Following the investment, the hotel will feature a terrace and a swimming pool. In the first year, it will operate on a bed and breakfast basis, and from 2021, Terra will offer an all-inclusive regime, Darlaiani stated.
Source: Economica
Frequently Asked Questions
Who is the new owner of Hotel Terra in Neptun?
The hotel was purchased by businessman Stere Darlaiani, owner of Hotel Scala in Constanta, from the Micula brothers.
What is the value of the investment in Hotel Terra?
The acquisition cost was EUR 2 million, with an additional EUR 2.5 million allocated for renovation and modernization.
When will the renovated hotel open and what will be its classification?
Hotel Terra is set to open next year as a 4-star unit, transitioning to an all-inclusive regime by 2021.