Triumf hotel is located on Kiseleff Boulevard, in downtown Bucharest, on a plot of land of 15,000 square meters and has 98 rooms and apartments, a restaurant and a terrace.
Triumf hotel was put up for sale by RA-APPS in January 2007 at a starting price of EUR32.5 million, VAT not included, but the auction was disputed in court by Athenee Phenix Group, controlled by Ana Hotels, owned by businessman George Copos.
Roses Residential Park Bucuresti, BEA Hotels Eastern Europe Romania and Athenee Phenix Group filed bids for the hotel in 2007, but RA-APPS said the letter of bank guarantee filed by Athenee Phenix did not fulfill the requested criteria. Thus, the company was disqualified and the auction was cancelled as it required the existence of minimum three valid bids.