Social Hotel Dacia in Satu Mare, a historical monument inaugurated in 1902, has come into the ownership of a Hungarian firm, as the Romanian state did not wish to exercise its right of pre-emption. Photo source: Andrei Stroe/wikimedia Thomas Dinca Thomas Dinca written 4 Apr 2018
Hotel Dacia in Satu Mare, inaugurated in 1902, was acquired by a firm based in Budapest, under conditions where the Romanian state did not wish to exercise a right of pre-emption due to the high costs imposed by the building’s renovation.
Until this moment, the hotel was operated by a firm majority-controlled by businessman Beniamin Tantas.
The local press has presented a series of articles showing that the hotel is in a state of degradation, being non-functional at this time. The building is considered a historical monument, having been built according to the plans of Hungarian architects. Source: Profit
Frequently Asked Questions
Why did the Romanian state not buy Hotel Dacia?
The state declined its right of pre-emption due to the high costs required for the building’s renovation.
Who is the new owner of Hotel Dacia?
The hotel was acquired by a company based in Budapest, Hungary.
What is the current status of the building?
The historical monument is currently in a state of degradation and is non-functional.