The Vila 23 Snagov hotel complex, rated 4 stars, is back on the market for EUR 3.8 million. Initially, the complex was listed for approximately EUR 6.5 million, later being re-offered at EUR 4.8 million and EUR 4.2 million.
The complex was acquired in 2007 by the current owners, who renovated it and upgraded it to 4 stars following a total investment of EUR 15 million. The complex reopened in 2012, but shortly after, it entered insolvency and is now listed as being in bankruptcy. The reasons cited include a decrease in corporate event budgets and difficulties in finding employees.
Source: Profit
Frequently Asked Questions
What is the current asking price for Vila 23 Snagov?
The Vila 23 Snagov complex is currently listed for sale at EUR 3.8 million.
How much was invested in the renovation of the complex?
The current owners invested a total of EUR 15 million to renovate and upgrade the complex to a 4-star standard.
Why did the Vila 23 Snagov complex enter bankruptcy?
The bankruptcy was attributed to reduced corporate event budgets and challenges in recruiting staff.