SIF Hoteluri (BVB: CAOR) has convened the Extraordinary General Meeting of Shareholders for April 29, with the objective of approving the sale of Eurohotel in Timișoara. This represents the last asset in the company’s portfolio, marking the completion of the divestment process from the hotel sector initiated by the company in recent years.
Eurohotel Timișoara is a three-star unit with a capacity of 47 rooms. SIF Hoteluri’s exit strategy previously included major transactions, such as the sale of the Doubletree by Hilton hotel in Oradea in June 2022 for 11 million EUR, a price that exceeded the upper limit of the valuation report. From a financial perspective, preliminary data for last year indicates a turnover of approximately 0.36 million EUR and a loss of about 0.20 million EUR. Official reports mention a chronological discrepancy, with the 7% decrease in turnover being reported in comparison to values for the year 2024.
The Board of Directors of EuroHotel Timișoara, a unit classified at 4 stars, will determine the price and method of sale following a valuation report conducted by an independent evaluator, an ANEVAR member.
Frequently Asked Questions
What is the last asset sold by SIF Hoteluri?
The last asset in the SIF Hoteluri portfolio is Eurohotel in Timișoara, a three-star unit with 47 rooms.
When will the official decision regarding the sale take place?
The Extraordinary General Meeting of Shareholders to approve the sale has been convened for April 29.
What other major transactions has the company completed recently?
In June 2022, SIF Hoteluri sold the Doubletree by Hilton hotel in Oradea for 11 million EUR.