Lorand Szarvadi, owner of Grand Hotel Balvanyos, wants to open a five-star hotel near Baile Tusnad, an investment put at around EUR11 million.
SIF Oltenia (SIF5.RO) has notified the capital market of the start of the steps to sell its 8.57% stake in hotel company Baile Tusnad (TSND.RO), which manages two hotels in the spa town by the same name.