THR Marea Neagră Sells Hotel Siret for EUR 3.5 Million

Turism, Hotels, Restaurants Black Sea SA has approved the sale of several strategic assets from its portfolio on the coast. The decisions concern both the awarding of the tender for the Siret hotel complex and the approval of direct negotiations for other accommodation and catering establishments located in the Saturn and Venus resorts, the buyers being companies controlled by investors Mariana and Nicolae Movileanu.

The company announced the award of the public tender for the Siret hotel complex in the Saturn resort at a price of EUR 3.5 million plus VAT.

This sale is part of a broader plan to restructure the portfolio and mobilize capital, initiated by the management of THR Marea Neagră Sea against the backdrop of financial constraints, a strategy that in 2025 also included the auctioning of the Bran-Brad-Bega complex in Eforie Nord and the Magura complex in Eforie Sud.