HOTEL
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Israel’s Hagag in Talks to Buy Hotel Building in Central Bucharest
Israel’s Hagag group is about to buy a building on 8-10, Georges Clemenceau Street between Piata Romana and the Athenaeum in Bucharest from Romanian entrepreneur Victor Olaru, market sources...
Romania’s EU Council Presidency to Boost Revenue of Hotels in Bucharest
The hotels in Bucharest, which will host delegations during Romania’s presidency of the EU Council, will get an at least EUR7.5 million boost in revenue, considering the 50,000 nights of acc...
Poiana Brasov Only Sees RON100M Revenue From Hotels And Restaurants
Poiana Brasov, one of Romania’s mountain resorts in highest demand during winter, had 22 hotel companies operational last year, which generated some 91 million lei (EUR19.5 million) revenue,...
Caro Hotel Complex Completes EUR3M Room Upgrade Investment
The refurbishment of the 85 rooms of the Caro Hotels complex on Barbu Vacarescu in northern Bucharest has been completed, following an EUR3 million investment, owner Octavian Lazar says.
Orbis Group To Open Its First Hotel In Timisoara, Under Mercure Brand, In 2019
Poland's Orbis Hotel Group, a strategic partner of AccorHotels in Eastern Europe, will be opening in 2019 its first hotel in Timisoara (western Romania), under the Mercure brand, after signi...
At Least Ten International Brand Hotels To Open Over Next Two Years
Mercure, Radisson Blue, ibis and several Marriott brands’ logos will be put on most international brand hotels to open in the next two years, ZF has found, At least ten international brand h...
Vacation Vouchers Brought Romanians To Romanian Seaside Instead Of Bulgaria And Greece
His seaside hotels should generate 80 million lei (EUR17 million) revenue this year, compared with RON17 million in 2017, says businessman Mohammad Murad, one of the largest hotel owners in...
Lithuania’s Apex Alliance Invests EUR90M In Four Hotels In Bucharest
Lithuania’s Apex Alliance, held by a number of investors, such as Nerijus Numavicius, regarded as the richest man in the Baltic country, will invest EUR90 million to build four hotels in Buc...
2018 World Cup Boosts Revenue Of Hotel Restaurants
Luxury hotels in Bucharest have prepared their restaurants and outdoor bars to attract as many football fans to watch the World Cup 2018 games as possible, by installing big screens and prep...