The parties are discussing things at the moment, with no official sale process started yet.
A potential deal would get the Austrian owners more than EUR100 million, ZF has estimated based on market data.
JW Marriott Hotel near the Parliament Palace in Bucharest has 402 rooms, 12 conference halls (totaling about 2,000 square meters) and six restaurants and lounges.
The owner of Societatea Companiilor Hoteliere Grand SRL (SCHG), the manager of the hotel building, is Austria’s Strabag.
SCHG is the second largest hotel operator in Romania by revenue. With its 118 million lei (EUR26 million) revenue in 2015 (according to the latest officially available data), it is second only to George Copos’ Ana Hotels group.
The Austrian group, which is mostly known for its construction business, became the sole owner of the hotel in the summer of 2014 when it paid EUR95 million to settle SCHG’s debts, acquiring the 35% Bank of Cyprus held in it as a result of a loan.
(English version by Loredana Fratila-Cristescu)