The Olăroiu family, through the company First Mamaia Residence SRL (formerly Steda Beach), owned by Antonio Daniel Olăroiu and Roxana Tanase, has finalized the transformation of the former Mamaia Hotel into a luxury residential complex called Wida Mamaia Residence.
The investment exceeded €25 million and includes 95 accommodation units – from studios and 2-5 bedroom apartments to duplexes and penthouses – plus amenities such as a gourmet restaurant, sports facilities, children’s playground and direct access to the beach.
The project was coordinated by architect Daniel Ciocăzanu, on a plot of about 5.600 square meters. Asking prices start at around 3.500 EUR/sqm.
The building now has 95 apartments – ranging from two-bedroom units (70 square meters) to five-bedroom units and 350 square meters in size. Prices start at €3,500 – 4,000/sqm + VAT, which means the most affordable housing is over €300,000. Many of the apartments have already been sold. Another 30 will operate as aparthotels, an increasingly popular formula in luxury tourism.