The first hotel in the company’s portfolio has received the building permit and is set to redefine hospitality in the heart of Bucharest and the estimated delivery for Mondrian Bucharest is 2026, according to the company’s officials.
„The Mondrian Bucharest will feature 103 rooms and suites, drawing inspiration from Petre Ispirescu’s fairytale “Youth Without Age and Life Without Death” to create a unique atmosphere that seamlessly blends modern aesthetics with local cultural heritage. This innovative design signed by Lemon Interior Design aims to offer a distinctive and immersive experience for all guests”.
In early 2024, One United Properties and Ennismore, the hospitality and lifestyle company with the fastest growth in the world, signed a partnership to open the first Mondrian hotel in Romania.
One shares have lost 8.5% in the past 12 months amid RON620 million liquidity and a RON3.3 billion market value.
In Q1/2024, One United posted RON419 million consolidated turnover, down 5% from the year-earlier period, and RON157.3 million net profit, up 4%.
(English version by Catalina Apostoiu)