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HOTEL

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Michael Schmidt Plans Hotel Investment, Expansion To Volume Brands
Automotive

Michael Schmidt Plans Hotel Investment, Expansion To Volume Brands

Michael Schmidt, the businessman behind the Automobile Bavaria group wants to add a new line of business and invest in a national hotel chain, as well as enter the volume auto market by addi...

Loredana Frățilă-Cristescu · 13.10.2016 · 10:00 · 2 min
JW Marriott Boss: Stagnation Is Over, We Are Thinking Of Growth
Companies

JW Marriott Boss: Stagnation Is Over, We Are Thinking Of Growth

Hotel operators can already think about ways to grow their business, because the stagnation of recent years is over, says Lebanese executive Fadlallah Zayat, who became general manager of th...

Loredana Frățilă-Cristescu · 07.10.2016 · 10:00 · 1 min
Sheraton Bucharest On Track For Reaching Its Revenue Target
Companies

Sheraton Bucharest On Track For Reaching Its Revenue Target

Sheraton Hotel in Bucharest had an occupancy rate of 80% in September and will reach its EUR10 million revenue target by yearend, says general manager Daniel Ben-Yehuda.

Loredana Frățilă-Cristescu · 30.09.2016 · 10:00 · 1 min
Radisson Owner: We Are Looking At Cities With More Than 200,000 People In Romania
Companies

Radisson Owner: We Are Looking At Cities With More Than 200,000 People In Romania

The Rezidor group, one of the world leading hotel businesses, whose brands include Radisson Blu and Park Inn by Radisson, wants to expand in the cities of more than 200,000 in Romania and ha...

Loredana Frățilă-Cristescu · 15.07.2016 · 10:00 · 3 min
Bucharest Hotel Occupancy Rate Up To Five-Year High In 2015
Companies

Bucharest Hotel Occupancy Rate Up To Five-Year High In 2015

The occupancy rate of hotels in Bucharest rose by 8.6% to 68% last year, making 2015 the best year in the last five, ZF has found from analyzing research company STR Global data.

Loredana Frățilă-Cristescu · 01.03.2016 · 09:00 · 1 min
First Hilton Garden Inn Hotel To Open In Bucharest’s Old Town
Real Estate

First Hilton Garden Inn Hotel To Open In Bucharest’s Old Town

The Lithuanian investors who own the four-star Europa Royale Hotel at the entrance to Bucharest’s Old Town are investing in a new hotel in the area, near Romania’s central bank headquarters,...

Loredana Frățilă-Cristescu · 01.02.2016 · 00:00 · 1 min
Garanti Bank Granted EUR8.3M Financing For Ramada Plaza Project In Craiova
Banks-Insurance

Garanti Bank Granted EUR8.3M Financing For Ramada Plaza Project In Craiova

Garanti Bank on Wednesday said it granted financing of EUR8.3 million to the company Jiul SA for the former Jiul hotel in Craiova, which was reopened Tuesday under the Ramada Plaza brand.

Ecaterina Craciun · 25.11.2015 · 14:07 · 1 min
Rezidor Plans To Put Radisson Blu and Park Inn by Radisson Name On More Hotels In Romania
Companies

Rezidor Plans To Put Radisson Blu and Park Inn by Radisson Name On More Hotels In Romania

Rezidor Hotel Group is in talks to open new hotels in Romania, to complement its two hotels in this country, Radisson Blu and Park Inn by Radisson in Bucharest, says Arno Schwalie, area vice...

Loredana Frățilă-Cristescu · 16.10.2015 · 08:53 · 2 min
Orbis To Open Two New Hotels In Arad And Brasov
Companies

Orbis To Open Two New Hotels In Arad And Brasov

Polish-held Orbis group, which manages seven hotels in Romania including the Ibis chain, as well as Novotel and Mercure in Bucharest, has signed partnerships with entrepreneurs to open two n...

Loredana Frățilă-Cristescu · 17.09.2015 · 07:00 · 2 min