Six hotels up for sale

Tourism is a more and more attractive investment field, yet hotel operators seem to have a different opinion of the matter. The real estate agencies in Timisoara have six hotels for sale in their databases. These hotels are usually small ones and target business people. “The prices of the hotels in our database  range between 380,000 and 2,500,000 euros. Prices vary depending on the area, the number of stars, location and facilities,” Ramona Belejan, marketing manager of Casadomi real estate agency told Ziarul Financiar. She specified that five of the six hotels were three-star ones, with only one of them ranked as two stars. The hotel market in Timisoara sees only one four-star hotel (Perla 4), but the three-star segment is a rather crowded place, with 11 hotels competing on it. Still, the hotels are small and only two of them, that is Continental and Timisoara, have more than 50 rooms,. The Continental Hotel can accommodate 306 people in 144 rooms, while Timisoara, held by the Bega Group controlled by the Cristescu Brothers, has 150 rooms and can accommodate 300 people. On the other hand, the two-star market is split among four hotels only. ZF