The Vila 23 Snagov hotel complex, rated 4 stars, is back on the market at a price of EUR 4.8 million, down from the initial asking price of approximately EUR 6.5 million.
The complex’s shareholders include businessmen Alexandru Tudor Georgescu, Henry Rismont, and Silviu Preoteasa.
Built in 1968, Vila 23 in Snagov operated as the Ana Aslan geriatric center until 1980, later entering the portfolio of the State Protocol Inventory Administration (RA-APPS). In 2007, the three businessmen purchased the complex and, after a EUR 15 million investment, opened the unit in 2012 with a 4-star classification.
Shortly thereafter, however, the complex 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, which translated into a poor level of service.
Source: Profit
Frequently Asked Questions
What is the current asking price for Vila 23 Snagov?
The complex is currently listed for sale at EUR 4.8 million, a reduction from the previous price of EUR 6.5 million.
Who are the owners of the Vila 23 Snagov complex?
The main shareholders are businessmen Alexandru Tudor Georgescu, Henry Rismont, and Silviu Preoteasa.
Why did the hotel complex enter bankruptcy?
The bankruptcy was caused by reduced corporate event budgets and staffing shortages that led to lower service quality.