The Public Property Agency has extended the deadline for submitting bids for the privatization tender of the “Zarea” Hotel until October 20, according to the decision published in the Official Gazette, a measure aimed at attracting an optimal number of investors and maximizing the transaction value for the state.
Initially, the application deadline was set for August 19, but the schedule was revised at the request of Prime Minister Vasile Tofan, according to MOLDPRES. The head of the Government emphasized that holding the auction during the summer vacation period would have limited the participation of potential bidders and impacted competition. Extending the deadline provides interested companies with the necessary time frame to evaluate the asset and prepare their documentation within a transparent and competitive framework.
Hotel “Zarea” is located in the center of the capital, at 4 Anton Pann Street, in the immediate vicinity of the Government, Parliament, Presidency, and numerous public institutions, cultural sites, and historical monuments. The property includes a 0.4 ha land plot and a 12-story building with a total built area of 6,500 m². Depending on market opportunities, the asset can continue to operate as a hotel or undergo conversion into a modern concept.
The hotel’s accommodation infrastructure offers a capacity of approximately 271 beds across 137 furnished rooms, out of a historical total of 176 existing spaces. The structure is divided on each floor into 17 rooms arranged in 4 blocks, including 62 standard double rooms, 42 standard triple rooms, 29 semi-deluxe rooms, and 3 luxury suites. While economy-type units use shared bathrooms in the hallway, higher categories feature private bathrooms and air conditioning.
Frequently Asked Questions
What is the new deadline for bidding on Hotel Zarea?
The deadline for submitting privatization bids has been extended to October 20.
Why was the privatization tender deadline extended?
The timeline was extended to avoid the summer holiday period, increase bidder participation, and maximize the sale value for the state.
What are the main property specifications of Hotel Zarea?
The property includes a 12-story building with a built area of 6,500 m² on a 0.4-hectare plot, featuring 137 furnished rooms and 271 beds.