The real estate complex consisting of the historic Casino Restaurant in Mangalia and the Solymar 2 Hotel has been relisted for sale in 2026 for the amount of EUR 4.99 million (VAT included), up 13.4% (EUR 590 thousand) compared to the failed capitalization attempt in 2022, when the asking price was EUR 4.4 million. The premium property, located at kilometer 0 of the resort, represents an opportunity for tourism conversion, but presents specific risks due to the lack of a public renovation plan and the imminent reduction of the land area in the cadastral documents.<\/p>\n
The property is under the management of a single owner, businessman R\u0103zvan Chivu, who acquired the casino in 2015 following the bankruptcy of the former administrator, SC Mangalia SA, according to the publication Focus Press. The current transaction, brokered by a real estate agent, includes an initial land plot of 4,128 sqm and the Casino building. However, the land area is set to decrease by approximately 500 sqm following an ongoing cadastral division process, an essential due diligence aspect highlighted for potential buyers.<\/p>\n
Regarding the dimensions of the Casino building, sources present slightly divergent information: one source indicates a usable area of 1,907.8 sqm per level (B+GF+1) and a basement of about 1,000 sqm, while another mentions a total built area of 1,907.8 sqm spread over two levels. The sales package also includes the Solymar 2 Hotel, a 3-star rated unit, modernized and opened in 2018, with a footprint of approximately 200 sqm. The assets are free of encumbrances or bank loans.<\/p>\n
According to Urban Planning Certificate no. 100 of 19.03.2025, issued by the Mangalia City Hall, a height regime of GF+4F+A (with an attic set back by 20%) is permitted on the site. According to Adevarul, the sale announcement relies on transforming the area into a superior tourist hub, facilitated by the proximity of fully renovated 4 and 5-star hotels, such as New Belvedere, Mera Brise, and Corsa. The original building was designed by the famous architect Cezar L\u0103z\u0103rescu, who also signed other major projects such as Otopeni Airport or the Mangalia Sanatorium, according to the local publication Mangalia News.<\/p>\n
However, the investment involves considerable financial unknowns for strategic investors. There is no public feasibility study or estimated budget for consolidation and modernization works (CAPEX), which could heavily impact the yield in a seasonal operation. Additionally, the exact state of conservation of the building and potential administrative heritage limitations remain to be clarified before the transaction.<\/p>\n
What is included in the Mangalia Casino sale package?<\/strong><\/p>\n The package includes the historic Casino building, an initial land plot of 4,128 sqm (subject to a 500 sqm reduction), and the modernized 3-star Solymar 2 Hotel.<\/p>\n Who is the current owner of the property?<\/strong><\/p>\n The property is owned by businessman R\u0103zvan Chivu, who acquired the casino in 2015 following the bankruptcy of SC Mangalia SA.<\/p>\n What are the main risks for potential buyers?<\/strong><\/p>\n Key risks include an ongoing cadastral division reducing the land area, the lack of a public feasibility study or CAPEX budget, and unclarified heritage limitations.<\/p>\n","protected":false},"excerpt":{"rendered":" The real estate complex consisting of the historic Casino Restaurant in Mangalia and the Solymar 2 Hotel has been relisted for sale in 2026 for the amount of EUR 4.99 million (VAT included), up 13.4% (EUR 590 thousand) compared to the failed capitalization attempt in 2022, when the asking price was EUR 4.4 million. The…<\/p>\n","protected":false},"author":0,"featured_media":126895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2857],"tags":[1173],"thb-sponsors":[],"class_list":["post-126940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transactions","tag-mangalia"],"article_style_override":"on","post-style":"style2","post_via":[{"title":"economedia.ro | 19.06","post_source_url":"https:\/\/economedia.ro"}],"post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/tranzactii-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/126940","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=126940"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/126940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/126895"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=126940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=126940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=126940"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=126940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}