The contract targets the affiliation of Hotel International Baile Felix with the prestigious international hotel network of the Mercure brand.
Turism Felix has a market capitalization of RON145 million and is 93%-owned by Transilvania Investments Alliance. TUFE shares have traded 1.3% lower so far in 2024, amid a traded volume of RON1.8 million, as per stock market data.
The company reported RON1.66 million profit for January-September 2024 period, down 82% from a net gain of RON9.2 million recorded in the year-earlier period. Its operating expenses rose 7.7% and operating revenue dropped 2.85% on the year in the first nine months of 2024.