In 2018, Alexandrion Group acquired the New Montana Hotel, a four-star hotel in Sinaia mountain resort. The hotel was closed during the pandemic, due to unfavorable market conditions, and is being refurbished at present. The group plans to complete the modernization works on the hotel in the second half of 2021.
New Montana Hotel ended 2019 with a turnover of RON18 million, up 17% on the year.
Stelios Savva, CEO of Alexandrion Group, said the group is currently developing one of the largest renewable energy projects in Romania, but declined to give further details on the matter.
The group’s portfolio includes brands such as Alexandrion, Cava D’Oro, Kreskova, Alexander Vodka, Brancoveanu Vinars, Zolmyr (tuica and palinca) and Saber Elyzia (Romanian traditional liquor). On the wine segment, the group has the following brands: Prahova Valley, Byzantium, La Crama, La Umbra, Rhein and Millenium.