Construction and design works on the new hotel, which will be inaugurated in November, cost over EUR10 million. The hotel will have 114 rooms, a fitness center, two conference halls, will be rated four-star and will operate under the name Mercure Bucharest City Center.
The project is developed by Dentotal Investment whose shareholding structure includes two Romanian dentists, sources in the hotel industry told MEDIAFAX. The money comes from a loan contracted by Dentotal Investment from lender Garanti Bank.
The Accor hotel chain, the owner of the Mercure brand, will fully manage the hotel based on a management contract signed with its shareholders.
The Mercure network is present in 51 countries, with over 750 three- and four-star hotels.
Accor, the world’s largest hotel operator, operates in 92 countries, with more than 3,500 hotels having around 450,000 rooms. The group operates several chains, among which Sofitel, Novotel, Mercure, Pullman, Adagio, ibis, hotelF1 and MGallery.
In Romania, Accor owns six hotels with 1.221 rooms, namely, a Pullman hotel, a Novotel hotel and four ibis hotels.