The hotel group is made up of six companies managing 12 hotels on the Romanian seaside, but also in Bucharest. Mohammad Murad, founder and chairman of Phoenicia hotels, is a major hotel owner in Romania, as well as one of the biggest investor in this field. Mohammad Murad has invested around EUR200 million overall in his projects in Romania.
The hotel group last year had over 350 employees, 133 fewer than in 2019.
Murad and his family also own businesses in the real estate and food sectors, canned food producer Mandy Foods and restaurant chain Springtime.
(English version by Catalina Apostoiu)