Two key positions in Aro Palace Brasov's management structure are open to candidates with experience in the tourism industry. The company owned by Transilvania Investments, a majority shareholder with 85% of the shares, is looking for a CEO and a General Manager for the hotel of the same name. Their main task will be to implement the strategy for the company's transformation into an agile entity, adapted to the increasingly demanding requirements that customers have in the tourism sector.
With 1,300 accommodation places, three restaurants and a wellness centre under management, Aro Palace is one of the most important tourism companies in the central area of the country. The incoming CEO will coordinate the company's entire activity, being supported by an expanding team. Ongoing projects include the renovation of the Capitol Hotel and its inclusion in an international chain. A minimum of three years experience in a similar position is a must, full details of the responsibilities of this position can be found here: https://talent.winsed.swiss/en/

A symbol of Brasov, Aro Palace has been the city's most important hotel for more than eight decades. Plans for the future call for a modernisation process to bring the Aro Palace hotel back to the top of tourists’ preferences. The reopening of the night bar and the famous rooftop restaurant, as well as the refurbishment of the rooms, are among the first measures planned for the coming period. The position of general manager of the hotel includes, among other responsibilities, coordinating these investments and creating a modern organisational culture to support the hotel's policy of retaining the more than 70,000 guests who stay at the hotel each year. The requirements and responsibilities of the position are outlined here: https://talent.winsed.swiss/en/

The recruitment is coordinated by a Swiss hospitality company, which will ensure a transparent selection of the best candidates. The deadline for CVs is 10th of February this year and applications can be sent to jobsro@winsed.swiss

Brasov, 25th of January 2023

Investment opportunities on the Romanian seaside: 2, 3 and 4* hotels for sale in Eforie Nord and Eforie Sud

Investors interested in developing business on the Black Sea coast, the most important tourist area in Romania, now have the opportunity to purchase 2, 3 and 4* hotels in the resorts of Eforie Nord and Eforie Sud. The assets are being put up for sale by THR Marea Neagră, a company in which Transilvania Investments holds the majority stake, as part of the fund's strategy to reposition its portfolio in the hospitality sector. The sale of the 6 hotels will take place through auctions scheduled to start on 25 January, and the tender documents are already available at THR Marea Neagră's headquarters.
With more than 200 rooms and a wellness centre highly appreciated by tourists, the Bran-Brad-Bega Complex in Eforie Nord is the most important asset on the list proposed to investors. The unit is rated 4*, and the location on the beach and additional facilities (outdoor pool, bar, etc.) allow the development of all-inclusive concepts increasingly in demand by Romanian tourists. Also in Eforie Nord, the 2* Jupiter and Venus hotels and the 3* Diana hotel are on sale. For the Eforie Sud area, the Capitol and Măgura hotels offer a total capacity of over 300 rooms in a resort traditionally dedicated to family tourism.
Other assets put up for sale include the Băcile Reci treatment complex in Eforie Sud and a restaurant with a capacity of almost 700 seats in Saturn.

Full auction schedule can be consulted here: https://thrmareaneagra.ro/licitatii/
The tender documents can be purchased at THR Marea Neagră's headquarters in Lavrion Street no. 29, Mangalia or in electronic format.

Brașov, January 12, 2023

Six hotels and a restaurant located on the Black Sea coast, in Saturn and Eforie Nord resorts, will be auctioned off for rent in the immediate future. Located on or near the beach, the hotels may become strategic investment areas for those looking for development opportunities in the HoReCa sector. The hotels are being auctioned off by THR Marea Neagră, a company in which Transilvania Investments holds 78.6% of the shares.

The Bran-Brad-Bega Hotel Complex is already drawing the attention of investors due to the mix of services offered - accommodation, restaurant and wellness centre. The hotel is rated 4 stars and in recent years it has benefited from investments for the renovation of the outdoor swimming pool and other areas of the complex. With more than 200 rooms and located in the immediate vicinity of the beach, Bran-Brad-Bega is one of the most attractive hotels in Eforie Nord.

Aida, Siret and Sirena Hotels are traditionally intended to family tourism. Entrepreneurs wishing to start or develop their business on the Black Sea coast can choose according to the size of the hotels which have between 150 and 300 rooms. All three hotels are located in close proximity to the beach in the Saturn resort.

Rental auctions will also be organised for Prahova Restaurant and Semiramis and Tosca Hotels in the Saturn resort. The auctions are scheduled to take place between 16 and 20 December, and full details on participation are available on the website https://thrmareaneagra.ro/licitatii/

Full schedule of the rental auctions conducted by THR Marea Neagra is the following:

Bran-Brad-Bega Hotel Complex in Eforie Nord – December 16, 2022, 10:00 a.m.
Aida Hotel Complex in Saturn – December 19, 2022, 10:00 a.m.
Prahova Restaurant in Saturn – December 19, 2022, 12:00 noon
Semiramis Hotel Complex in Saturn - December 19, 2022, 14:00
Tosca Hotel Complex in Saturn – December 20, 2022, 10:00 am
Siret Hotel Complex in Saturn – December 20, 2022, 12:00 noon
Sirena Hotel Complex in Saturn – December 20, 2022, 14:00

The auction specifications can be purchased at THR Marea Neagră's headquarters in Lavrion Street no. 29, Mangalia or in electronic format until 14th of December, and the purchase includes the right to visit the sites before the auctions. Contact: phone +40724355663

Brasov, December 8, 2022

Transilvania Investments carries on the implementation of the new strategic directions adopted and ends the first nine months of this year with a net profit of RON 55.07 million and a net operating income of RON 73.27 million. The Company remains focused on increasing the portfolio efficiency, maximizing the shareholders’ returns and developing new investment lines.

The Company recorded at 30.09.2022 a net profit of RON 55.07 million, compared to RON 55.44 million- the profit coresponding to the similar period in 2021, that is a decrease by 0.66%.

The net operating income at the end of the third quarter of 2022 amounts to RON 73.27 million, down by 4.80% compared to the period January - September 2021, while the total assets are worth RON 1,346.70 million, lower by RON 164.23 million, respectively by 10.87% than their value at the end of the coresponding period in 2021. The net asset value at 30.09.2022, amounting to RON 1,280.73 million (RON 0.5954 /share), is lower by 5.66% than the net asset as at 30.09.2021 (RON 1,357.52 million, RON 0.6278 /share) and by 7.20% than the value recorded as at 31.12.2021.

The operating expenses at the reporting date total RON 20.37 million, higher by RON 0.23 million than their value as at 30.09.2021.
For more information, we invite you to access our Quarterly report in the following link: https://transilvaniainvestments.ro/en/rapoarte_periodice/report-for-the-first-quarter-of-2022-13-05-2022-1801/

Brașov, November 14, 2022

At the initiative of Transilvania Investments, one of the largest urban projects of the moment concerning the reintegration an industrial site in Romania is being carried out: Casa Albă Independența Sibiu. The public consultation process, which recently came to an end, involved more than 1500 Sibiu citizens who attended several meetings or responded to the survey regarding the final destination of the eight hectares of land in the historic area.

The decision to bring the former Independența Sibiu industrial platform back into the life of the community was grounded, from the very beginning, on the desire that the future destination should meet the community needs. In this regard, in the last half year four meetings took place which were attended mainly by authorities, non-governmental organisations, urban planners, architects and interested citizens. Ideas on the future development strategy of the former industrial platform were shared during the meetings.

Simultaneously, an online survey to which 1237 Sibiu residents responded was carried out, allowing them to express their options regarding the future use of the space. The majority of the respondents defined as necessary for citizens the creation of green spaces in this area (83% of the responses), spaces for public events (64.4%) and co-working buildings (25%).

Independența Sibiu is seen, in the future, as an area for free mobility, with pedestrian streets or that prioritize pedestrians and public transportation. The main activities they would like to participate in the new urban perimeter are recreational, leisure or access to cultural events.

The proposals for the masterplan of the area will be completed soon and the mixed functionalities defined following the public consultation will be included in the proposal to the local authorities. The developed concept considers the economic and social-cultural sustainability and is intended to provide a new attractive, complementary area in the centre of Sibiu.

November 10, 2022

Transilvania Investments strategically repositions its tourism portfolio and puts 9 seaside hotels up for sale

Nine important hotels in Eforie Sud and Eforie Nord, as well as other assets on the Romanian seaside, will be auctioned off in the next period, following the decision of Transilvania Investments to reposition its portfolio held in the hospitality sector. The proposal will be discussed on November 29(30), 2022 in the General Meeting of Shareholders of THR Marea Neagră, a company in which the investment fund holds 78.6% of the shares.

During the last year, Transilvania Investments carried out an extensive analysis of all assets held in the tourism sector, with the ultimate goal of defining the long-term investment strategy in this sector and maximizing the investments return. Together with the team of consultants involved, the investment fund decided to concentrate resources for a part of the current portfolio, with other assets to be put up for sale or leased.

Among these assets, the hotels Diana, Venus, Minerva, Jupiter, the Bran Brad Bega Complex in Eforie Nord and Capitol and Măgura in Eforie Sud offer the potential investors access to investments in strategic seaside areas, with significant increases in the number of tourists in recent years. The hotels are placed on or in close proximity to the beaches and are mainly intended for family tourism. The hotels currently owns more than 1,000 rooms, classified as 2, 3 or 4*.

„We wish that the process of transferring these assets to the ownership of future investors will be a transparent one. As a majority shareholder, we have proposed to our partners from THR Marea Neagră the implementation of clear procedures and deadlines, so that all those interested have quick access to the information needed to asses the purchase decisions", says Radu Roșca, executive president of Transilvania Investments.

According to the calendar that will be discussed in the General Meeting of Shareholders, all the assets proposed for sale will be put up for public auction no later than January 31, 2023, as the valuation procedures are completed.

Transilvania Investments currently owns, through the tourism companies in its portfolio, over 8,000 hotel rooms throughout the country, the hospitality sector covering 25% of the fund's portfolio. The investment fund has been actively involved in the last year to support the companies in which it is the majority shareholder in finding financial and human resources to support the process of increasing their activity efficiency. The first 9-month results published by tourism companies show a positive performance for the current year.

Brașov, November 4, 2022

Investments in the financial sector hold a strategic place in the portfolio managed by Transilvania Investments. The Company has recently increased its holding in Transilvania Leasing and Credit IFN S.A. Brașov (symbol TSLA), from 68.64% to 93.49%, the only leasing company in TRANSI's portfolio.

Transilvania Leasing and Credit IFN S.A., a leasing company with domestic private capital, established in Brașov in 1997, has developed its product range in its 25 years of presence on the market, offering its customers lending services as well as related services.
Transilvania Leasing & Credit IFN SA has been listed on the Bucharest Stock Exchange since 2013, being the first leasing company listed on the BSE.

The company addresses both legal entities, authorized natural persons and natural persons, offering them diversified services such as: car leasing, equipment leasing, real estate leasing, loans with real estate collateral, mortgage loan and loans for temporary needs.

The company consolidated its position on the market by carrying out merger operations by absorption with Leasing Grup S.A. Bucharest in 2004 and with Grup Bianca Leasing IFN S.A. Brașov in 2008, thus expanding its branch network in Bucharest, Cluj-Napoca and Sibiu.
The company implemented structural and qualitative optimizations to bring added value and security to its partners and last but not least, the entire team of professionals prioritized customer satisfaction by providing efficient, innovative and responsible financing solutions through lending and leasing.

Transilvania Leasing and Credit IFN aims to consolidate its business and continue the development plan whose objectives are digitization, establishing new collaborations on the national market, with a client-oriented approach, being a provider of financial solutions for them.

This autumn the company celebrated 25 years of activity. The anniversary event took place on Friday, October 21st, in a location in Piața Sfatului in downtown Brașov, which was attended by customers, collaborators and shareholders who find out about the company's history and performances, presented by the general manager, Sorin Donca.

In this anniversary context, we wish the TSLA team good luck in business and many years of prosperity!

October 27, 2022

At the third workshop held on September 28 at Casa Alba Independenta Sibiu, organized by the architecture and urban planning office A.PLAN, more than 30 participants were present - urban planners, architects, representatives of local public institutions, NGOs and the local business environment, as well as neighboring residents.

During the workshop, a summary of the conclusions of the previous meetings and the results of the survey launched at the end of August, to which more than 1,200 people responded, were presented.

Among the interests outlined during the workshops stand out: regaining the public space, sustainability of the built environment, animating the area, decongesting the traffic and access through pedestrian spaces, maintaining the possibility of carrying out craft activities, small production and light industry, and the new buildings to be at reasonable distances from neighbors and have a friendly interface. A modern urban area is expected, with various functions, socio-cultural activities, facilities that would create a connecting axis with the historical center of Sibiu, located at a very short distance.

The survey confirmed the need for socio-cultural and sports spaces and an overwhelming preference for gentle modes of travel, convivial spaces and green spaces with tree vegetation.

During the third workshop, 5 volumetric conceptual solutions were presented in the form of a model. These were analyzed by the workshop participants, highlighting the advantages and disadvantages of each solution. In the end, a preferred variant was voted, for which recommendations for improvement were formulated.

This industrial site regeneration project is started at the initiative of Transilvania Investments, the investment fund that owns the majority stake in Casa Albă Independenta S.A. Sibiu.

The next, last meeting will be scheduled for early November 2022.

10.10.2022

Transilvania Investments „Investor Day” was the perfect opportunity for investors to meet the investment fund's team and learn about the latest news on its activity. Held in September 23rd, at the Cleopatra Hotel in Saturn Resort, one of the assets in the Transilvania Investments’ portfolio, the event provided a complete image of the main directions of action and answers to investors' questions.

"Resilience in a difficult context" was the topic under which Radu Roșca, executive president, detailed the new strategic directions adopted by the fund to increase competitiveness. Tourism remains one of the important pillars on which Transilvania Investments builds its performance. In 2022, the fund manager promoted and carried out several projects for the companies in which it is the majority shareholder, through investments and changes in the management models.

More than 50 venture capital and private equity projects have been analyzed by Transilvania Investments in the last year, Radu Roșca emphasizing the effort made by the fund’s team to develop the portfolio on this strategic pillar.

With a diverse portfolio of financial instruments, Transilvania Investments aims for sustainable growth for its investors, through decisions based not only on financial evolution, but also on the gradual integration of environment, social and governance factors. These topics have been detailed by Theo Buftea, executive vice-president, who emphasized that the company promoted the development of corporate governance under the conditions of applying best practices and achieving a prudent management.

Transilvania Investments' priority remains to create confidence and predictability for investors, even in a less favorable market context. Stela Corpacian, executive vice-president, spoke about the new organizational culture, based on efficiency and transparency, that Transilvania Investments is developing at the team level.

All the information presented during the „Investor Day” may be consulted here

11.10.2022

The first edition of the Transilvania Investments Golf Challenge continues to reverberate even days after its conclusion. Held on September 11, on the most beautiful golf course in Romania, at Pianu de Jos, the competition proved to be an inspiring meeting between the investment fund team and entrepreneurs from the whole country, ending with the first champions in the record. Even though it was a debut edition, the challenge has already set a record: it was the competition with the largest number of players held, this year, in Romania.

Golf & business has always been the favorite mix for business people from all over the world. The elegance, discipline and perseverance required by this sport perfectly suits any entrepreneur, and the possibilities of socializing during a game make the whole ensemble very attractive. The 78 competitors who signed up for the competition organized by Transilvania Investments, a pairs competition, accessible to everyone, regardless of the level of play, had the chance to try all this.

"I've always looked at golf with a lot of respect, it's a sport that requires a lot of flair. We find ourselves in all the values that this sport requires to reach champion level, in the world of investment ambition, resilience and strategy are just as important.", said Radu Roșca, executive president of Transilvania Investments.

Six teams got on the podium of the competition, in the two categories of the competition, NET and GROSS. Beyond the prizes, what remains are the bonds created on a perfect autumn Sunday, a win for organizers, participants and all partners involved.

01.10.2022