One of the hotel building’s wings and a 520 square-meter land have been returned in kind to the heirs of its former owner, architect Arghir Culina, after ten years of litigation.
“The building that has been returned housed 109 rooms out of the hotel’s total of 209. The hotel will continue to operate with 100 rooms,” said Turna.
He said the 100-room part of the hotel still owned by Ambasador shareholders will be renovated and re-opened in June. Following renovation work, the hotel could be categorized four stars from its current three-star status.
The building housing the hotel was built between 1937 and 1939.
The main shareholders of Ambasador Turism, which manages the hotel, are Nicolae Istrate (17.7%), Constantin Dochitu (17.7%), George Manolescu (17.3%), George Turna (16.4%), Dumitru Petre (10.9%), and Costin Minculescu (5.4%).