The initial one-digit growth projection was overshot.
“2014 was the best year after the crisis. The complex had an occupancy rate of almost 70%. The number of rooms filled at weekends also went up owing to Club Moving spa and fitness center. The nearby Promenada mall also helped us a lot,” Lazar told ZF.
In 2013, the complex had revenue worth RON14.8 million (EUR3.4 million), up 7% in lei on the year, according with Finance Ministry data. The 2,400-sqm spa and fitness center was opened that year.
“For this year, we expect revenue to go up by 7%”.
Octavian Lazar says that given the positive 2014 results, he considers developing a new hotel unit from scratch. “I am thinking of a hotel that should operate under an international brand,” specified Lazar, without providing further details about possible investments.
(English version by Catalina Apostoiu)