The deal took place on July 21 at a price of some RON40.8 million.
The management contract that had the five-star hotel operated by international chain Continental expired this year and was not renewed by the hotel owner.
The hotel in Piata Universitatii, Bucharest, the first five-star hotel in Romania, was renamed Grand Hotel Bucharest.
(English version by Loredana Fratila-Cristescu)