Bere Mures owner's hotel in the red

The Germisara hotel in Geoagiu-Bai resort, Hunedoara county, acquired at the end of 2004 by Emil Morariu and Virgil Mailat, two of the shareholders of the Bere Mures producer, and renovated for 9 million euros, posted revenues worth one million euros last year, and saw losses. “The occupancy rate of the hotel stood at 26%, but we have registered increases every month since the official opening at end of 2006. This year, we expect to step into the black, and register a 35% occupancy rate,” said Emil Morariu. The Gemisara hotel was purchased at the end of 2004 from AVAS (The State Assets Resolution Authority), for 600,000 euros. Although the hotel’s revenues have remained low (which Morariu blames on the lack of promotion), investments in the hospitality sector will continue, whilst Morariu also plans to invest in another hotel this year, in partnership with his son in law. “We want to open a 4 or 5-star hotel in Targu-Mures, with 50 rooms,” added Morariu, who predicted that investments would amount to 3-4 million euros.