Enache, hotel owner: My assets are worth 140m euros - financiare.ro
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News » December, 2010 » 14 December 2010

Enache, hotel owner: My assets are worth 140m euros
14.12.2010, 00:13 | Travel | 646 views

Businessman Radu Enache, owner of Continental Hotels chain, which operates 14 hotels on the Romanian market, says the value of his hotel assets and of his plots is estimated at around 140-150 million euros, down 20% on 2008. This is the first time that the businessman publicly reveals the value of assets he holds.

"This is the book value of the assets, which was determined based on an analysis by authorised assessors made at the end of last year, this is not the market value," said Enache, whose company, Continental Hotels, posted a 19.4 million-euro turnover last year.

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