The investment in the two hotels had been previously announced by Cristian Erbasu. He announced in early 2023 the investment in the two hotels would hit EUR20 million.
Moreover, Accor and Construcii Erbasu have agreed to extend the contract signed in 2018 for ibis Styles Bucharest Erbas hotel.
The company controlled by businessman Cristian Erbasu in 2022 generated turnover of above RON1 billion.
The partnership between Accor and Constructii Erbasu also cements the foothold of the international group on the local market.
(English version by Catalina Apostoiu)