News Article Baia Mare BVB Eurohotel hotel Romania SIF Hoteluri
by Property Forum | Hotel

SIF Hoteluri Oradea has reached a deal to sell the Hotel Eurohotel in Baia Mare for €2.1 million. The 3-star hotel is located near the city center and features 64 rooms, a restaurant and conference halls.

The sale price was above the upper limit of the price range estimated by the valuation report prepared for the company’s board of directors.

“Based on the bilateral sale-purchase promise, an advance in the amount of €310,000 was collected, and the difference of the price will be collected once the sale-purchase contract is concluded. The transfer of ownership from the seller to the buyer shall be made only at the time of full payment of the price, based on and in accordance with the terms of the sale-purchase contract to be concluded,” said the company in a statement submitted to the Bucharest Stock Exchange (BVB).

Shares in SIF Hoteluri were up 7.62% to 2.26 lei at the end of the Wednesday trading session on the BVB.