The complex was sold through an open auction. Iordache’s bid was the only offer.
The sale contract will have a clause whereby the buyer must keep the complex open for tourists, says a ministry press release.
The complex is located in the center of the Mamaia resort, on a plot of 2,248 square meters. It is made up of the “Mamaia” five-star hotel, a restaurant and two cafes. The hotel has 66 beds, conference rooms, a bar, a hair salon, a massage salon, jacuzzi and sauna.
The Mamaia complex had been put up for auction five times previously, unsuccessfully.