HOTELS
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Bucharest Luxury Hotels Break Out New Year’s Eve Party Specials
"We have 1,000 seats available for the New Year’s Party in the hotel’s restaurant, more than last year, when we hadn’t opened the SteakHouse restaurant. So far, we have reservations for abou...
Romanian Developers Put Hotels On Sale For Unrealistic Prices - Assoc
Tens of hotels built in Romania over the past 10-12 years, mainly by people who don’t usually invest in tourism, and which are not efficient, are now put on sale for very high sums, says Rad...
Mohammad Murad To Invest EUR20M In Romanian Seaside Hotels By 2014
Lebanese-born businessman Mohammad Murad intends to invest some EUR20 million over the next two years in four hotels on the Romanian Black Sea coast, and sell other five hotels he owns in se...
Manchester United’s Trip To Bucharest Gives Hotel Market Quite A Boost
The football match between Romania’s champions Otelul Galati and Manchester United on October 18 is lifts the spirits of Bucharest hotel operators as talks to provide accommodation to the En...
GED Buys 30% In Continental Hotel Chain
Spanish-owned private equity firm GED, one of the most dynamic investors in the Romanian economy over the past two years, bought a 30% stake in the Continental hotel chain from Czech fund PP...
Ten Seaside Hotel Operators With 10,000 Rooms Barely Match Turnover Of Two McDonald’s Restaurants
The privatization of hotels on the Romanian Black Sea coast has had a paradoxical effect: lacking investments and efficient management, many hotels are empty.
Hotel Room Occupancy Rate On Romanian Black Sea Coast Hits Almost 100%
The hotel room occupancy rate on the Romanian Black Sea coast has increased to almost 100% at the end of the week, association for tourism development Litoral - Delta Dunarii said in a press...
Foreign Tourists’ Accommodation Expenses In Romania Equal A Mall’s Revenue
A number of 1.3 million foreign tourists stayed at least one night in a hotel or bed and breakfast in Romania last year, and the sum they spent on accommodation is put by ZF at EUR170-175 mi...
Number Of Hotels, B&Bs Up For Sale Down 70% In 2011, Price Tags Reach EUR15M
The number of hotels and bed and breakfasts put up for sale on the Romanian Black Sea coast and mountain areas declined 70% in the first half of the year compared to January, with prices var...