The negative result registered since the hotel opening, Hilton brand costs and the severe skilled workforce shortage are the main reasons why the company decided to renounce the Oradea hotel, in line with information previously provided by SIF Hoteluri officials.
“The price will be at least equal a price at least equal to the market value resulting from a valuation report drawn up no more than three months before the approval of the transaction price with the potential buyer, in accordance with the valuation standards in force by a independent evaluator, member of ANEVAR,” reads the report the company filed with the Bucharest Stock Exchange.
SIF Hoteluri, with a RON51.4 million capitalization, also owns three hotels in Timisoara, Baia Mare and Cluj-Napoca.
(English version by Catalina Apostoiu)