Businessman Josef Goschy of Timisoara, one of the biggest hotelowners in Romania, who put out for sale 651 rooms in hotels inSuceava, Cluj, Targu-Mures and the seaside, maintains he has beenin talks with potential buyers, but that he has sold nothing so farbecause they "want to buy the properties almost for free".
"I will one day sell one of the properties I put up for salethis year. I am not wiling to sell the hotels at prices below theones I've set. Were I a buyer, I'd probably do the same as thepotential buyers I've been in talks with. I believe, though, thatthings will change on the market in spring," Goschy said.
The businessman controls 3,500 rooms in 25 accommodationfacilities through Unita Turism.
The group last year generated 14m-euro turnover. Goschy wants toraise 25m euros from the sale of the 6 properties put out for sale,which cumulate 651 rooms, and he may use the money to modernise theother units or develop other projects.
Unita Turism in the first 10 months of the year had revenuesworth 9m euros, 20% less than a year ago.
"Almost 2m euros represent the profit generated by my hotels. Wetried to slash expenses by the same percentage revenues dropped by,of 20%," stated Goschy.
By yearend, the businessman expects turnover worth above 10meuros, revised downwardly from the initial 12m-euro projection.
The hotels part of Unita Turism employ almost 1,000 people.Goschy has operated no layoffs, despite the falling turnover thisyear.
Almost half the 3,500 rooms Goschy controls are rooms in seasidehotels. Through the three hotels of Mamaia (Comandor, Amiral andOrfeu), three in Olimp (Amfiteatru, Belvedere, Panoramic) and twoin Cap Aurora (Onix and Safir), Goschy is one of the most importantseaside hotel owners.
Short of cash, several entrepreneurs have put up for sale morethan 20 hotels on the Romanian market this year, when occupancyrates and tariffs dropped by over 20% from a year ago, the steepestdecline of recent years.
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