Rodina Hotel Put Up for Sale at 14.5 Mln Euro

Rodina Hotel Put Up for Sale at 14.5 Mln Euro

Indebted four-star hotel Rodina in Sofia was put up for sale again, for the third time this year, at a starting price of 28.4 million levs ($20 million/14.5 million euro.
Bids should be filed by January 9, Capital Daily reported.
The previous two attempts to sell the hotel to cover debts accumulated by its owner, local company Rodina Tourist, attracted no bidders.
In the first tender for the hotel, held in September, the starting price was set at 44.4 million levs.  It was then cut to 35.5 million levs in the second tender.
Rodina hotel covers an area of some 50,000 square metres and has more than 500 rooms.

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