Businessman Virgil Calina, owner of the Ramada Nord hotel and a major alcoholic beverage distribution company, is in final negotiations for the acquisition of the Golden Tulip Times hotel in Bucharest for approximately EUR 4 million.
According to several market sources for Profit.ro, Calina has reportedly reached an agreement with the owners of Golden Tulip Times, and the signing of the transaction is merely a matter of bureaucracy and time.
The Golden Tulip Times hotel has 70 rooms and is classified as 4 stars, being owned by Societatea Hoteliera Times, controlled by I.C.B. Investment Limited, registered in Cyprus and managed by Adrian Marghescu.
Neither Virgil Calina nor the representatives of Golden Tulip Times could be contacted.
Source: Profit
Frequently Asked Questions
Who is Virgil Calina?
Virgil Calina is a Romanian businessman who owns the Ramada Nord hotel and a significant alcoholic beverage distribution company.
What is the estimated value of the Golden Tulip Times acquisition?
The transaction for the Golden Tulip Times hotel in Bucharest is estimated at approximately 4 million EUR.
How many rooms does the Golden Tulip Times hotel have?
The Golden Tulip Times hotel is a 4-star facility featuring 70 rooms.