Hotel company Aro Palace has signed the contract through which the Coroana \u2013 Post\u0103varu Hotel was sold to Elevate Properties, a company owned by the Iliescu brothers, founders of the language-learning application Mondly.<\/p>\n
Elevate Properties won the auction organized by the hotel company for the sale of the hotel inaugurated at the beginning of the last century, offering the sum of 9.376 million EUR, more than the founders of the company Dacia Plant.<\/p>\n
The transformation works of the hotel in the center of Bra\u0219ov will be completed by the end of 2025, the company announced a month ago.<\/p>\n
The Iliescu brothers sold the Mondly business last year to the British group Pearson, one of the strongest brands in the educational segment.<\/p>\n
Who bought the Coroana-Post\u0103varu Hotel?<\/strong><\/p>\n The hotel was purchased by Elevate Properties, a company owned by the Iliescu brothers, who are also the founders of the Mondly app.<\/p>\n What was the final sale price of the hotel?<\/strong><\/p>\n Elevate Properties won the auction with a bid of 9.376 million EUR, surpassing the offer from the Dacia Plant founders.<\/p>\n When is the hotel renovation expected to be finished?<\/strong><\/p>\n The transformation project for the historic hotel in Bra\u0219ov is scheduled for completion by the end of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":" Hotel company Aro Palace has signed the contract through which the Coroana \u2013 Post\u0103varu Hotel was sold to Elevate Properties, a company owned by the Iliescu brothers, founders of the language-learning application Mondly. Elevate Properties won the auction organized by the hotel company for the sale of the hotel inaugurated at the beginning of the…<\/p>\n","protected":false},"author":0,"featured_media":91760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2859],"tags":[2978,2889,1347,2944],"thb-sponsors":[],"class_list":["post-115967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stirea-editiei-en","tag-aro-palace-en","tag-brasov-en","tag-coroana-postavarul","tag-for-sale"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/turism-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/115967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=115967"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/115967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/91760"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=115967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=115967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=115967"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=115967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}