Hotel Parc in Arad hits market for €8m

Hotel Parc in Arad hits market for €8m

Published at: 2020-01-20 10:03 | Author: CIJ Romania
Hotel Parc, the largest hotel in Arad, is on the market for €8m. The property includes 200 guest rooms in two buildings spread over 5,000 sqm of land. There are also five commercial units. The owners, a group of Romanian investors, are selling off an 86.3-percent stake, according to Profit.ro. “If it is renovated, modernized and improvements are made and investments in recreational facilities are added, this hotel, by its position and by the number of rooms, will represent a milestone in the hotel industry in Arad and the region,” said Cristian Tranc, the director of Tranc & Tranc, which is overseeing the sale.

Similar Stories:

Protesters occupy Airbnb apartment in Prague
Organizers of a group protesting the activities of the online residential platform Airbnb  »
€500m in Prague hotel assets sold in record-setting 2019
Last year was record-setting for Prague when it comes to the volume of sales made in the h  »
Poland’s hotel segment sees record investment level in 2019
The commercial real estate sector in Poland reported record levels in 2019, with the hotel  »
New four-star hotel opens in western Serbia
A new four-star hotel has opened in Divcibare, western Serbia. Spread over 2.2 ha, Crni Vr  »
The largest investment conference in Southeast Europe has gathered over 350 participants f   »
Greece is on the verge of a hotel resort development boom, with over 20 greenfield project   »
In Europe, the UK leads the way when it comes to new hotel projects: 119,000 rooms are cur   »
Invesco Real Estate acquired the 232-room Sheraton Grand Hotel Kraków for €70m on behal   »