Romania’s Transilvania Investments Alliance to auction off nine seaside hotels – SeeNews

BUCHAREST (Romania), November 4 (SeeNews) – Romanian mutual fund Transilvania Investments Alliance [TRANSI] stated on Friday it will offer 9 hotels in Eforie Sud and Eforie Nord, along with other possessions on the Romanian beach, intending to rearrange its hospitality portfolio.

The proposition will be gone over on November 29 and 30 at a basic conference of investors of hotels operator THR Marea Neagra [BSE: THR], in which Transilvania Investments holds 78.6%, the fund stated in a declaration submitted with the Bucharest Stock Exchange, BVB.

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Hotels Diana, Venus, Minerva, Jupiter, the Bran Brad Bega Complex in Eforie Nord and Capitol and Magura hotels in Eforie Sud together have an overall of more than 1,000 spaces.

” As a bulk investor, we have actually proposed to our partners from THR Marea Neagra the application of clear treatments and due dates, so that all those interested have fast access to the details required to asses the purchase choices,” Transilvania Investments executive president Radu Rosca stated.

Formerly called SIF Transilvania, Transilvania Investments owns, through the tourist business in its portfolio, over 8,000 hotel spaces throughout the nation, the hospitality sector covering 25% of the fund’s portfolio.

Founded in 2005, Turism, Hoteluri, Restaurante Marea Neagra is a business running leisure centers on Romania’s coast. The business presently handles 23 lodging systems and 20 board systems, with an overall of 7,836 beds, supplying plans of lodging, meals, along with home entertainment.

Transilvania Investments shares traded 1.41% greater at 0.2880 lei at 1240 on the BVB, on Friday.

Turism, Hoteluri, Restaurante Marea Neagra shares last traded on November 3 at 0.1980 lei on the BVB.

( 1 euro=4.8876 Romanian lei)

source

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