“ONT Carpati has gone bankrupt and its assets have been put up for sale,” VF Insolventa representative Mariana Popa said.
Auctions will take place on June 10, June 12 and June 14, 2013, the liquidator said on its website.
The ask price for Hotel New Montana in Sinaia is EUR12.1 million and that for receivables and the 35% stake in Societatea Companiilor Hoteliere Grand is EUR22.2 million, according to the website.
JW Marriott, part of U.S. hotel chain Marriott International, is controlled by Societatea Companiilor Hoteliere Grand, whose majority shareholder is Austrian company Bau Holding Strabag.
In 2011, Societatea Companiilor Hoteliere Grand registered turnover of 103.7 million lei (EUR24.4 million) and loss of RON9.43 million (EUR2.2 million).
ONT Carpati went bankrupt early this year. It is controlled by Bank of Cyprus, with 93.8% of the shares.