The project represents a partnership between Accor and local company Neagoe Basarab Residence, a developer of Brasov.
The hotel will have 114 rooms and apartments, a spa center, a fitness hall, as well as a gourmet restaurant. The hotel is due to be developed in two phases. The first one is set to be completed at end-March 2024 and the second in February 2026.
Neagoe Basarab Residence operates on the real estate market and in 2022 generated RON26,615 turnover, up 22% from 2021, with a single employee. Moreover, the company posted RON247,000 losses.
The company is owned by Bogdan Ciungara and Marius Florin Pavel.
(English version by Catalina Apostoiu)