The Siret Hotel in the Saturn resort was sold for 3.5 million euros to Constantin Frăbălă, a former referee in Division A and current investor.
Radu Burcă
Current Affairs
Foto: facebook.com/hotelsiretsaturn
Always see our news on Google
The Siret Hotel, located in the Saturn resort, was sold for the sum of 3.5 million euros, according to information provided by the Bucharest Stock Exchange. The transaction took place on Thursday, and the buyer is Constantin Frăbălă, a prominent investor on the Stock Exchange and an influential businessman on the Coast. Frăbălă, at the age of 66, was a referee in Division A and has recently been involved in legal issues related to fraud. The Siret Hotel, built in 1971, has 153 rooms classified as three stars, a restaurant, and a free land area of 9,436 square meters. Additionally, the hotel is rented for a period of five years, until the end of 2027, with an annual rent of approximately 201,000 euros plus VAT.
Sources
Latest News
15:56
Macron announces firm measures to prevent further violence in France
15:52
Access to Credit Is Also Worsening for Large Euro Area Companies, ECB Survey Shows
15:49
Claude accessed the publicly available voter data of the U.S. state of Georgia without authorization
15:48
Vasile Tofan invites Ukrainian entrepreneurs to invest in the Republic of Moldova and promises access to EU markets
15:39
The Ministry of Finance reports a budget deficit of 3.81% of GDP after the first nine months of 2026
See more news
NEWS ON THE SAME TOPICS
Current Affairs
Hotel in the Saturn resort fined 100,000 lei and the food block closed after a suspicion of food poisoning.
Current Affairs
A resort located on a private island in the Danube Delta is for sale for 600,000 euros
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
