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
07:15
Traian Băsescu raises the possibility of Mirabela Grădinaru running for office and calls for the emergence of a new party on the political scene / “He learned to walk on carpets through all the capitals; he only goes accompanied”
07:13
Milorad Dodik’s ally wins a seat in the tripartite presidency of Bosnia and Herzegovina, according to partial results announced on Sunday
07:05
Flavio Bolsonaro leads Lula da Silva after the partial vote count in the first round of Brazil’s presidential election
22:57
Traian Băsescu says that AUR "has reached the end of its growth potential" and will have to explain "the money it gave to television stations"
22:50
Paramount Skydance and Warner Bros Discovery will form Skydance after the completion of a $110 billion deal
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
Current Affairs
The southern Romanian coastline, including the resorts of Neptun, Jupiter, and Eforie, is attracting more and more private capital.
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
