The property is currently undergoing EUR5 million worth of renovations.
Hermanns Hotel will cater to both business and leisure customers, will have a capacity of 71 rooms, two conference rooms and a spa.
APX officials said in fall last year they were planning to open a hotel in Sibiu but hadn’t mentioned any acquisition. The acquisition did take place in 2020.
APX Hotels include the Venis (formerly Vogue) Hotel in Victoriei area in Bucharest, the Wolkendorf hotel in Vulcan, near Brasov, the Filitti Hotel in Bucharest’s Old Town and the Union Plaza Hotel in Bucharest.