The hotel has 111 rooms on five floors, six meeting rooms, a gym, a spa with heated swimming poll, jacuzzi, restaurant and a business center.
The hotel was built in 1920 and is one of Bucharest’s iconic buildings.
“With the help of Ernst & Young Romania and law firm Radu si Asociatii, Visionapartments has completed this major commercial transaction in Bucharest. This acquisition is a crucial step for our expansion plans,” said Anja Graf, company CEO and president.
The seller, Turkich company Ener Holding, was represented by Tuca Zbarcea & Asociatii and Special Properties.