“We are currently working on three floors, 50 rooms. By next year, we will have remodeled all the rooms,” said Daniel Ben-Yehuda, the hotel’s general manager.
Sheraton (formerly Howard Johnson) is a brand of the international Marriott chain.
The public areas will be remodeled too, the official added. Furthermore, the space where the casino used to operate now houses the Stay Fit Gym brand.
The hotel expects a slight increase in revenue this year, despite the remodeling going on, Daniel Ben-Yehuda said.
The Grand Plaza Hotel, the company, which manages the five-star Sheraton Hotel in Bucharest, ended 2024 with RON59.4 million revenue, compared with RON52.8 million in 2023, and RON6.8 million net profit, compared with RON1 million the previous year, Finance Ministry data show.
Last year, its business increased by 15% to 20%. In January this year, the hotel did slightly better than last year, while February is slower across the market, but business should pick up in March. The corporate segment continues to bring customers, the official said.
(English version by Loredana Fratila-Cristescu)