Paneracons I&I is part of Panera Group Company, active in the construction and real estate industry in Romania and Austria for over 15 years.
The newly built hotel will have 60 rooms, being located in the vicinity of downtown Timisoara.
The hotel, whose opening is scheduled for the second quarter of 2019, will join the Mercure chain. Mercure, the midscale brand of AccorHotels, famous worldwide, has more than 770 properties in 61 countries.
Three Mercure hotels currently operate in capital Bucharest and in Sighisoara. Mercure hotels will also be opened in the cities of Brasov and Sibiu.
Orbis comprises 127 hotels and is the sole licensor of all AccorHotels brands in 16 countries including Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, and Slovenia. It offers a total of almost 19,000 rooms. The hotels operate under the brand names Sofitel, Pullman, MGallery, Novotel, Mercure, ibis, ibis Styles and ibis budget.