Last year, the company registered losses of RON9.6 million, versus a profit of approximately RON200,000 in 2014, while its revenues fell 20.5% to RON12.5 million.
Doubletree by Hilton hotel in Oradea will generate RON11 million revenues this year, accounting for 56% of the total revenues estimated by the hotel operator for 2016.
The company’s portfolio also includes Rusca hotel in Hunedoara, Beta hotel in Cluj, Eurocontrol hotels in Timisoara and Baia Mare or Meses hotel in Zalau.
This year, SIF Hoteluri plans to invest RON1.5 million.
SIF Hoteluri is majority owned by regional investment fund SIF Banat-Crisana (SIF1.RO), with a 98.99% stake, while privatization authority AAAS owns a 0.032% stake.