The existing four-star property is undergoing a full makeover of the façade, internal partitioning, and design. The building currently has 50 rooms and an additional wing will be added to the property, bringing 50 new apartments units. The total capacity of the hotel will be 100 rooms.
In line with Accor’s commitment to decarbonize all its operations and achieve net zero by 2050, the property will be a green building, powered by solar panels and heating pumps, thus reducing carbon emissions and operating costs.
“Bringing a new Handwritten address to Bucharest is a great achievement for Accor, as it strengthens our goal of reshaping the hospitality landscape in Romania’s capital (…)”, said Catalina Toma, Development Director of Accor Premium, Midscale & Economy Brands.
Thehe hotel is right at the heart of one of Bucharest’s most exclusive residential neighbourhoods, surrounded by renowned international schools, fitness and wellness centres, and upscale shopping galleries.
“(…) This partnership gives us, as local investors, access to their know-how, to the latest industry trends, the marketing and distribution channels and the opportunity to reshape our property under one of Accor’s newest, most prestigious, and authentic brands – the Handwritten Collection. Giving our hotel, Tecadra Bucharest Hotel Handwritten Collection, a brand-new spirit aligns with our mission of remaining a landmark for the business and leisure travellers seeking a premium destination in Northern Bucharest”, stated Tudor Cobalas, representative of Tecadra Hotels.
Tecadra Hotels had a turnover of RON5.1 million in 2022, up 33% on the year, a net profit of RON1 million and an average number of 22 employees, as per data on www.platforma termene.ro.
Tudor Cobalas is also shareholder in several companies, such as Catted Real Estate and Catted Industrial, the same data show.