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From beer to travel: Gheorghe Grec drives Geoagiu resort hotel into the black

Autor: Mirabela Tiron

02.02.2011, 23:13 17

Gheorghe Grec, one of the founders and former shareholders ofBere Mureş, currently owning Germisara four-star hotel ofGeoagiu-Băi resort of Hunedoara county, maintains the accommodationfacility's turnover rose by 20% last year.


"Germisara hotel ended last year with 6m RON turnover, up 20%year-on-year, owning to the development strategy we had. We alsogenerated income of almost 100,000 RON," stated Gheorghe Grec, whoinvested 5m euros in the unit. He cashed in 35m euros from Heinekenfor the stake he held in Bere Mureş.
The unit has an accommodation capacity of 137 double rooms andseven apartments and also has conference rooms, restaurants, twopools and several treatment bases.
Asked by ZF whether by taking over the four-star hotel he nowconsiders he made a good investment, Grec stated in Romania onecannot tell a good investment from a bad one.
"The problem of roads and the absence of an airport close to theresort we have the hotel in hinder tourists from reaching thehotel. Maybe now that Egypt and Tunisia out of the picture asholiday destinations, tourists will pay more attention to us," Grecsaid.

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