Bucharest’s Hotel Rembrandt on the market

George Sell By George Sell
06 June 2016 | Updated 06 June 2016

Romania: Dutch investor Jerry van Schaik is selling Hotel Rembrandt and Café Klein, in Bucharest’s Old Town.

Romania: Dutch investor Jerry van Schaik is selling Hotel Rembrandt and Café Klein, in Bucharest's Old Town.

The entrepreneur opened the hotel 11 years ago in an 80-year old building in Bucharest's historical centre.

The 16-room boutique hotel had an occupancy rate of close to 87 per cent last year and an ADR of €74. The vendor is looking for at least €350,000 for the business, around seven times its current annual EBITDA.

Van Schaik was one of the first foreign investors in Bucharest's Old Town. He also sold Grand Café Van Gogh last year, which he owned together with Dutch financial consultant Pieter De Ruiter. He is now reportedly looking to move out of Romania and focus on his tourism business in the Netherlands.

www.rembrandthotelbucharest.com

Be in the know.

Subscribe to our newsletter »
Subscribe

Our Events

Thank you sponsors

Subscribe to our Newsletter »