BCR trying to sell hotel in Herculane for 2m euros

BCR, the biggest bank on the Romanian market by assets, is hoping to collect over 6.5 million euros from selling a hotel, two mini hotels and several guesthouses foreclosed on account of defaulting on their loans.

The most expensive accommodation facility foreclosed by the BCR is an over 12,000 square-metre 133-room hotel in thermal resort Băile Herculane, from the sale of which it wants to get 9 million lei (2.1 million euros). The hotel has a centre for balneal treatment and a nearly 5,400 square-metre plot, but the bank does not specify the name of the tourism operator.

The big banks, such as BCR, BRD and Banca Transilvania, have created specialised websites where they publish ads for the foreclosed assets, and currently have several hundred ads each. Only the BCR website features accommodation facilities at present, but the other banks have retail space or office space valued at several million lei.