HOTEL
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Ascott Group’s The Crest Collection Hotel Brand Enters Romania Via Partnership With Forty Management
Real estate developer Forty Management has signed an agreement with Ascott hotel chain held by Singapore’s largest real estate investment company to bring The Crest Collection brand to Bucha...
Bega Turism Expects 25% Growth in Revenue in 2023
Timisoara is becoming a weekend destination now that it is European capital of culture this year, and organizes events on weekends, which is a big plus for tourism, says entrepreneur Marius...
Aro-Palace Calls Shareholders to Vote on Sale of Coroana-Postavarul Hotel in Brasov
The Board of Directors of Aro-Palace (ARO.RO) has called an Extraordinary General Meeting of Shareholders for March 20, to vote on putting up for sale Coroana-Postavarul Hotel at a minimum p...
Cristian Erbasu Set to Invest EUR20M in Two Hotels
Entrepreneur Cristian Erbasu, who owns builder Constructii Erbasu, plans to start building a hotel in Oradea by the end of this year.
Aro-Palace’s Capitol Hotel in Brasov to Switch to International Brand
Three-star Capitol Hotel in the center of Brasov, held by Aro-Palace, will move to an international brand this year, says Aro-Palace chairman of the board of directors Calin Ilie.
InterContinental Returns to Romania
InterContinental has returned to Romania, this time on a different hotel in Bucharest, the Athénée Palace. It had left Romania in 2022, when the logo of the brand was removed from the hotel...
Apex Alliance Expects EUR25M-EUR30M Revenue from Hotels in Romania
Lithuania’s Apex Alliance Group, which owns several hotels in Romania, expects to end 2022 with EUR25 million to EUR30 million revenue, its officials say.
Cake Maker Natural Set to Invest EUR8M in Slatina100-Room Hotel
Cake maker Natural, controlled by Popescu family, will invest more than EUR8 million in a 100-room hotel in Slatina, with the unit due to enter under the umbrella of an international brand,...
Hotel Company Aro-Palace Switches to Profit in Jan-Sep
Aro-Palace (ARO.RO), which owns one of the largest five-star hotels outside Bucharest, ended the first nine months of the year with a net profit of about RON350,000 compared with a loss of R...