The hotel was sold during a public auction to Energo Util, the firm controlled by Victor Zamfir.
The sale included the building and the land, according to a notification sent to the Bucharest Stock Exchange (BVB).
The hotel is 14-storey high and includes 283 rooms.
THR has a market capitalization of RON 122 million (€24.5 million). Since the beginning of 2025, the shares have increased by 8% on transactions of RON 36 million (€7.2 million).
Hungarian investor Gránit Asset Management, with HUF 1,100 billion of assets under management, is reported to be nearing a deal for the purchase of the Equilibrium 1 building in northern Bucharest from Skanska, Romanian media reports.
Radisson Blu Hotel Bucharest has renovated its meeting and events facilities following an investment of €1.6 million.
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Romanian developer Cityring Property is exploring a new residential development on a land plot of 6.5 hectares in northern Bucharest close to Atria Urban Resort, where it launched the last development phase.
Romania's residential market recorded around 26,000 new home completions during H1 2024, down 20% over the same period of last year, according to Colliers data.
The number of fund investors is approaching the one million mark, a level which will most likely be reached in April.
Romania is recording a sensible deterioration in electricity consumption in Romania, but electrification and data management.
Productivity in Romania has increased from 26% in 2008 to 44% in 2024, with women making a notable contribution, according to an analysis of Alpha Bank.
Agroland Business System, the company operating the largest network of agricultural stores in Romania, today listed its second issue of its bonds.
InterCapital Asset Management, a Croatian independent investment manager with €550 million in assets, is launching a new ETF on the Bucharest Stock Exchange (BVB) starting Tuesday.
