No information about how big the plot of land is, the value of the deal or who the seller was has been revealed.
“(…) We believe that if we had more rooms we would have sold them, so it makes sense to prepare for the coming years, to boost accommodation capacity (…)”
The owners or the hotel bought the plot of land near Sheraton to build a spa center, a large conference hall and 60 to 100 rooms. The development plans will be implemented over the next three years and entail a sizeable investment, Daniel Ben-Yehuda said.
Sheraton Bucharest has 270 rooms, 27 of which executive suites and a presidential suite.
The company operating the five-star Sheraton in Bucharest expects EUR10 million revenue in 2016.
(English version by Loredana Fratila-Cristescu)