The loan in lei will have an eight-year term, while the loan in euros will be returned within 10 years.
The DoubleTree hotel requires an investment of EUR15 million and it will have 147 rooms, conference halls for 350 people, a restaurant, a bar, a spa and a pool.
This will be Romania’s first Doubletree by Hilton hotel.
Calipso Oradea is 96.6% owned by regional investment fund SIF Banat-Crisana (SIF1.RO). (EUR1=RON4.243)