In the 2002-2003 period, the Micula brothers purchased 12 hotels through auction in the resorts of Mamaia – Patria, National, and the Unirea complex, and Neptun – Olimp – the Slatina, Craiova, Banat, Terra, Romanta, Caraiman, Prahova, Balea, and Clabucet hotels.
At the beginning of 2016, they could put the Slatina and Craiova hotels in the Olimp resort up for sale. Following an evaluation, it was determined that the minimum price at which the two hotels can be sold is EUR 6 million. However, real estate agents believe the price is excessively high for the southern coast.
Hotel Craiova is classified at 2 stars, consists of two building wings, and has a total capacity of 326 beds in 163 rooms, being equipped with an outdoor pool.
Hotel Slatina is also classified at 2 stars, has a accommodation capacity of 225 double rooms and an outdoor pool.
In recent years, none of the 12 hotels owned on the coast by the Micula brothers have been profitable, according to an official report from the Financial Supervisory Authority.
Source: Profit
Frequently Asked Questions
Which hotels are the Micula brothers planning to sell?
The Micula brothers are considering the sale of the Slatina and Craiova hotels located in the Olimp resort.
What is the estimated sale price for the two hotels?
The minimum evaluation price for both hotels is set at EUR 6 million, though experts consider it high.
Are the Micula brothers’ seaside hotels profitable?
According to the Financial Supervisory Authority, none of their 12 seaside hotels have reported a profit in recent years.