Developer One United and the Le Manoir group have acquired the boutique hotel Carpathian Lodge Magura in Buzau for EUR 2.35 million.
Le Manoir, which owns several restaurants and fine gastronomy stores, will operate the business in Buzau County.
The new owners specified that they will invest an additional EUR 1 million in renovation and furnishing, and will reopen the property in about 3 weeks or a month.
They stated that the property will cost EUR 5,000/day with all services included, including meals, and the new owners believe that 10-12 people will come per stay.
Frequently Asked Questions
What was the acquisition price of the hotel?The boutique hotel Carpathian Lodge Magura was acquired for EUR 2.35 million.
Who will manage the operations of the property?The Le Manoir group, known for its fine dining restaurants and gourmet shops, will operate the business in Buzau County.
What are the future investment plans and rental costs?The owners plan to invest an additional EUR 1 million in renovations, with the property expected to rent for EUR 5,000 per day, all-inclusive.