Sheraton Hotel operator wants a turnover of over RON 50 M in 2016

Grand Plaza Hotel, the administrator of the first hotel under the Sheraton brand in Romania, bought a building on Magheru Blvd in Bucharest. It’s about a building with a GF + 1 structure, owned by Trustul de Montaj Utilaj Chimic Bucure?ti (TMUCB) under insolvency now. The paid price was EUR 1.1 million, plus VAT. The company also approved the budget of revenues and expenditures for next year: turnover of RON 51.57 million and a net profit of RON ...

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