Cubix is owned by local entrepreneurs Daniel Chivu and Radu Niculescu, who also own several restaurants in the city.
The hotel will be renovated and will reopen under the Mercure brand by the end of 2021.
Accor targets a network of 50 affiliated hotels in Romania by 2025. Accor operates hotels under the brands Pullman, Novotel, Mercure, and ibis Styles.