Mihaescu had been general manager of the ibis Palatul Parlamentului hotel from 2018 until the end of June 2020.
“The Romanian hotel market remains promising and its growth pace does not slow down, seeing numerous hotel openings in 2020,” said Mihaescu, ge¬neral manager of ibis Bucharest Politehnica.
The ibis Bucharest Politehnica hotel will have 160 rooms, conference facilities, a restaurant, a bar and its own car park. The hotel is due to open in the fourth quarter of 2020 and it is one of Accor’s seven hotel openings in Romania in 2020, together with ten other properties to enter the local market until 2023.
The ibis Bucharest Politehnica hotel is developed by Ionut Cosmin Fleancu and Dan George Dobre, two Romanians jointly holding the company Novum Business Services.
French Accor hotel group, present in Romania with nine hotels, seeks to reach 50 units on the local market in the next five years. For 2020 alone, total investments of Accor partners in Romania overshoot EUR60 million. The nine hotels are located Bucharest, Sibiu, Sighisoara and Arad, totaling 1,130 rooms. The hotels operate under the Pullman, Novotel, Mercure and ibis Styles brands. In 2019, the occupancy rate of the nine hotels was 76% and the overall turnover reached RON170 million, up 11% versus 2018. The financial results for 2020 were significantly affected by the coronavirus pandemic.
In addition to the ibis Bucharest Politehnica hotel, the group also plans to inaugurate the Mercure Timisoara, ibis Timisoara and Mercure Galati hotels in 2020.