THR Marea Neagră SA has finalized the sale of the Siret Hotel Complex in the Saturn resort for EUR 3.5 million plus VAT. The transaction, reported to the Bucharest Stock Exchange on May 15, 2026, marks the conclusion of a public auction procedure launched at the beginning of this year and the consolidation of the company’s liquidity through the full collection of the price.
The sale-purchase agreement for the asset in Saturn was signed in authentic form on May 14, 2026, with the price being paid in full through the reverse charge mechanism. The transaction follows the public outcry auction organized on January 22, 2026, with the divestment process lasting approximately four months. This represents the company’s second major asset sale in the recent period, after the Măgura Hotel Complex in Eforie Sud was sold in April 2026 for EUR 2.5 million.
THR Marea Neagră SA, headquartered in Eforie Nord, is 75.34% controlled by Transilvania Investments Alliance SA and is one of the oldest issuers on the local capital market. According to the financial data for 2024, the company reported a turnover of approximately EUR 3.09 million and a net profit of EUR 1.87 million, while total liabilities amounted to EUR 7.16 million. The company, which has 12 employees, is led by a Board of Directors chaired by Vasile Cosmin Turcu, alongside Dumitru Carapit and Răzvan Legian Rat, with executive management provided by Mihaela Ichim.
Frequently Asked Questions
What was the sale price of the Siret Hotel Complex?
The Siret Hotel Complex in Saturn was sold for EUR 3.5 million plus VAT.
Who acquired the asset and how was it sold?
The asset was sold through a public outcry auction launched in early 2026, and the transaction was finalized on May 14, 2026, using the reverse charge mechanism.
What other major asset did THR Marea Neagră sell recently?
In April 2026, THR Marea Neagră sold the Măgura Hotel Complex in Eforie Sud for EUR 2.5 million.