“Although this deal means parting with a project that is very dear to me, it is a landmark in our group’s strategy, which is therefore moving into another development phase (…),” Calin Buzoianu says.
The five-star hotel was built on the former sweets plant Feleacul site and opened in 2006, following a EUR4.5 million investment by Calin Buzoianu.
Opera Plaza will house the relocated Law School of Babes-Bolyai University.
Hold Invest was assisted by law firm MAXIM / Asociatii, run by Andrei Maxim, in the deal.
The broker of the deal was RE/MAX, the largest franchised real estate agency network in Romania.
(English version by Loredana Fratila-Cristescu)