HOTEL
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New Double Tree by Hilton Hotel to Open in Brasov in 2023
A new hotel of the Double Tree chain will open in Brasov in 2023. The hotel will have a capacity of 150 rooms and require EUR21 million investment, Mircea Draghici, managing director of ESH...
Continental Hotels Chain Average Occupancy Rate Down to 49%
Continental Hotels chain, one of the largest in Romania, with almost 2,000 rooms, has operated at a 49% average occupancy rate so far, compared with 72% in 2019, its best year ever, the chai...
Compa Sibiu Sets Up Arini Hospitality to Develop Two Hotels in Sibiu
Automotive component manufacturers Compa Sibiu has set up a company, Arini Hospitality, to develop the Mercure - Ibis project.
Capital Plaza Hotel in Bucharest Revenue Shrinks 80% in 2020
Four-star Capital Plaza Hotel in Bucharest posted almost 80% decline in revenue to merely RON3 million in 2020, Finance Ministry data show.
Sheraton Hotel Operator Revenue Down 80% in 2020
Grand Plaza Hotel, the operator of the Sheraton Hotel in Bucharest, posted 80% decline in revenue to merely RON12 million in 2020, compared with RON61 million in 2019, Finance Ministry data...
Nordis Group Inaugurates Seaside Hotel, Announces Plans for Residential Development Mamaia Dune
Nordis Mamaia 5***** last weekend inaugurated its new seaside hotel, with a lobby, coffee shop and shopping gallery of more than 1,500 square meters.
Babes-Bolyai University Buys Opera Plaza Hotel in Cluj for RON40M
Hold Invest, a company of businessman Calin Buzoianu, has completed sale of the Opera Plaza Hotel in Cluj-Napoca to the Babes-Bolyai University in a deal put at RON40 million.
(P) Investment opportunity on the Romanian seaside right when local tourism is being rediscovered
Hotel Inter Venus, 5 * is looking for visionary investors to continue the story of tourism at the Black Sea. Located in the center of Venus resort, on the seafront and with direct access to...
ASIC To Build In Bucharest The First Hotel Under Novotel Living Brand In Eastern Europe
Ion Catutoiu, an entrepreneur engrossed in various investments, including in the real estate sector, and Andrei Stanciu, CEO of construction company Somet Group, will jointly develop a 150-r...