“At the five-star Marmorosch Bucharest hotel we had an occupancy rate of above 60% in the first quarter of this year. This first quarter is a quarter of hope,” Igor Onuta, legal representative for Apex Alliance in Romania, told ZF.
The Lithuanian group turned the former Palace of Marmorosch Bank of downtown Bucharest into a five-star hotel, in a EUR42 million investment that was completed last August.
Overall, the Lithuanian group has invested almost EUR120 million so far in the hotels it owns.
(English version by Catalina Apostoiu)