The hotel was opened in 1971, and Intercontinental was the first international hotel brand to enter Romania’s market. The five-star hotel has 22 floors, an almost 90-meter height and 257 rooms and apartments.
After this deal, the hotel will undergo a renovation and modernization process involving EUR21 million. Works will start next year and be completed in 2024.
“Such changes may induce a different perception, but we have a professional team, we’re ready for this moment, the hotel will deliver the same type of services, we are not expecting any problems related to this transition,” specifies Lucian Marinescu, a member of the Compania Hoteliera Intercontinental managing board.
(English version by Catalina Apostoiu)