Five of the biggest hotel owners in Romania, Josef Goschy, George Copos, Radu Enache, Mohammad Murad and Ionut Negoita, say their hotel assets lost between 25% and 50% in terms of value in 2009 from 2008, as a result of the economic downturn. No major deals have been sealed in the hotel industry in the past year, though a rising number of owners have put up their assets for sale to raise cash. Hotel assets valuation levels starting from the value of a room have changed, though, and entrepreneurs wanting to sell say they have not received the "right price" so far. According to ZF estimates, while a four-star hotel room was valued at 180,000-200,000 euros, at present the level is of around 130,000 euros. "I could not specify the value of the hotel assets I own, as I have never done such an assessment (...)," Mohammad Murad says. Another hotel owner, Josef Goschy, says the value of his hotel assets now accounts for just 60% of the level of two years ago.
Five of the biggest hotel owners in Romania, Josef Goschy, George Copos, Radu Enache, Mohammad Murad and Ionut Negoita, say their hotel assets lost between 25% and 50% in terms of value in 2009 from 2008, as a result of the economic downturn. No major deals have been sealed in the hotel industry in the past year, though a rising number of owners have put up their assets for sale to raise cash. Hotel assets valuation levels starting from the value of a room have changed, though, and entrepreneurs wanting to sell say they have not received the "right price" so far. According to ZF estimates, while a four-star hotel room was valued at 180,000-200,000 euros, at present the level is of around 130,000 euros. "I could not specify the value of the hotel assets I own, as I have never done such an assessment (...)," Mohammad Murad says. Another hotel owner, Josef Goschy, says the value of his hotel assets now accounts f
