{"id":123511,"date":"2016-04-19T00:00:00","date_gmt":"2016-04-18T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/after-investing-e5-5m-in-the-former-diplomat-hotel-the-owner-is-now-putting-it-up-for-sale\/"},"modified":"2026-03-28T17:36:53","modified_gmt":"2026-03-28T15:36:53","slug":"after-investing-e5-5m-in-the-former-diplomat-hotel-the-owner-is-now-putting-it-up-for-sale","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/after-investing-e5-5m-in-the-former-diplomat-hotel-the-owner-is-now-putting-it-up-for-sale\/","title":{"rendered":"After investing \u20ac5.5m in the former Diplomat Hotel, the owner is now putting it up for sale"},"content":{"rendered":"<div>Two years ago, businessman George Padure purchased the former Diplomat Hotel in Bucharest for approximately \u20ac2.5 million. He invested a total of \u20ac5.5 million, a sum that includes the acquisition and modernization of the unit.<\/div>\n<div>&nbsp;<\/div>\n<div>Opened in November 2015, the Expo Center Hotel, which was affiliated with the international Best Western chain, features 88 rooms, including 15 suites, plus a penthouse with a sauna and jacuzzi, 2 restaurants, 2 terraces, and 5 conference rooms.<\/div>\n<div><\/div>\n<div>Tourism sources stated that during the five months of operation, the businessman realized that the hotel does not fill up as easily as he had thought, which is the reason that led him to put the hotel up for sale.<\/div>\n<div><\/div>\n<div>George Padure wants to obtain \u20ac5.3 million plus VAT for the hotel, and on April 5th, he organized an auction that was supposed to start at this price. However, the hotel was not sold then.<\/div>\n<div><\/div>\n<div>The businessman specified that if he fails to sell it, he will try to find a branded operator with experience to manage the hotel. He is negotiating and has already discussed with several companies, including the Accor hotel chain.<\/div>\n<div><\/div>\n<p>Source: <a href=\"http:\/\/www.profit.ro\" data-wplink-url-error=\"true\">Profit<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>What is the asking price for the Expo Center Hotel?<\/strong><\/p>\n<p>The asking price is \u20ac5.3 million plus VAT.<\/p>\n<p><strong>Why is George Padure selling the hotel?<\/strong><\/p>\n<p>Sources suggest the decision was made due to lower-than-expected occupancy rates during the first months of operation.<\/p>\n<p><strong>What are the hotel&#8217;s main facilities?<\/strong><\/p>\n<p>The hotel offers 88 rooms, 5 conference rooms, 2 restaurants, 2 terraces, and a penthouse with a sauna and jacuzzi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two years ago, businessman George Padure purchased the former Diplomat Hotel in Bucharest for approximately \u20ac2.5 million. He invested a total of \u20ac5.5 million, a sum that includes the acquisition and modernization of the unit. &nbsp; Opened in November 2015, the Expo Center Hotel, which was affiliated with the international Best Western chain, features 88&hellip;<\/p>\n","protected":false},"author":0,"featured_media":66063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2859],"tags":[],"thb-sponsors":[],"class_list":["post-123511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stirea-editiei-en"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2020\/02\/topstory.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/123511","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=123511"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/123511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/66063"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=123511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=123511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=123511"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=123511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}