Last call for Mara: $8.1m

Mara Hotel in Sinaia will be put up for sale for the last time in mid May, with the starting price set at $8.1 million, half the price asked during the first tender. If no bidder participates in this last tender, the hotel complex in Sinaia will be transferred to the private property of the State. Under the circumstances, the Banking Assets Resolution Authority (AVAB) could organise a tender to award the operation of Mara to an international hotel chain. “It’s no surprise we had no bidders in the first tenders, considering the procedure used, that is reducing the price tender by tender. Albeit asking 50% of the initial amount, chances are we will go beyond the experts’ appraisal because we use the competitive price method for bidding,” Ionel Blanculescu, AVAB chairman on Monday said. ZF