The hotel in the capital city, whose construction began at the end of 2023, will have 150 rooms, and require an estimated investment of EUR14 million. On the other hand, the hotel in Oradea will have 120 rooms, work on it started in 2024 and the investment required stands at EUR10 million, Erbasu officials say. The company is also planning a new hotel project on a plot of land in Timisoara.
The hotel market has also proved to be a winning bet for groups whose core business is in other sectors, as international hotel chains have expanded their presence in Romania, including by introducing new brands on the local market.
In fact, Constructii Erbasu has had a partnership with international hotel chain Accor since 2018, which already operates the Ibis Style Bucharest Erbas Hotel, opened in the Aviatiei area in 2018.
The latest data shows that a total of 37 hotels will be delivered in Romania in the coming years, with over 5,000 new rooms under an international brand, which means a 50% increase in accommodation capacity for affiliated hotels.
The group run by Cristian Erbasu has operations in several sectors, from construction to tourism and even dairy production.
(English version by Loredana Fratila-Cristescu)