Radu Enache, the owner of the Continental chain, is trying to offer management or lease hotels from investors who are struggling or no longer wish to manage them, but he notes that there are huge discrepancies between the owners’ demands and the business revenues on paper.
The owner of the Continental chain is already in discussions with several owners in Bucharest, as well as in other major cities across the country.
In practice, Enache would provide hotel management with his own resources for an annual fee, while also retaining and potentially training the existing staff if they have experience.
Source: Profit
Frequently Asked Questions
What is Radu Enache’s proposal for hotel owners?
He offers to take over the management or lease hotels from investors who are struggling or no longer wish to handle daily operations.
What are the main challenges in these negotiations?
The primary issue is the significant gap between the financial expectations of the owners and the actual documented revenues of the hotels.
What happens to the existing hotel staff?
Radu Enache intends to keep and potentially train the existing staff, provided they have the necessary experience in the field.