“The hotel will open on May 1, when the season officially opens and I hope it will continue to operate throughout the entire year, after the season ends. I will do everything possible to have it open this season (2014 i.e.).”

The five-star Rex Hotel was closed in 2011 for renovation after a fire destroyed the roof, the attic and the furniture in a number of rooms on the top floor. After refurbishment and upgrades it will reopen with 119 rooms instead of the previous 102, Carmen Adamescu said.

Rex Mamaia, the company to which the hotel is registered, ended 2010 with EUR1.6 million revenue, according to Trade Registry data. The five-star Rex Hotel, one of the most luxurious on the Romanian seaside, was built by state-owned railway carrier CFR in 1937 and was acquired by the Adamescu family in 2006.

The Adamescus also own Unirea Shopping Center and insurer Astra Asigurari via Nova Trade company.

(English version by Loredana Fratila-Cristescu)