THR Marea Neagra to invest EUR 5.54 mil. in its seaside hotels

THR Marea Neagra company will invest EUR 5.54 mil. in upgrading the seaside hotels for the summer season, stated Linica Stan, the General Manager of the company.

Out of the total value of investments, EUR 3.13 mil. are supported by a bank loan, while the rest of EUR 2.41 mil. represent own sources, stated Stan.

THR Marea Neagra, owning 35 units at the seaside, estimated total revenues of EUR 8.77 mil. for the current year, by 12.1% lower than compared to last year and a net profit of EUR 795,180, by 32% lower compared to 2009. In 2009, the company posted total revenues of EUR 9.98 mil., by 34.6% lower compared to 2008.

Sursa: Ziarul Financiar [22.04.2010]