This is the first hotel in Pitesti affiliated to an international brand, where the accommodation capacity is around 750 rooms, according to Tourism Ministry data. The Pitesti hotel has 136 rooms, two restaurants and seven event and conference halls, according to hotel officials.
“Such an investment will be recovered in time. For 2012, we target a EUR3 million budget and a 50% occupancy rate,” Cerasela Gheorghiu, general manager of Ramada Pitesti, told ZF.
The four-star Ramada hotel in Pitesti employs 130 people. The project was developed by Confident Travel, a company whose shareholders are Valentin Visoiu, Virgil Dumitru and Denisa Gociu.
The Ramada hotel chain is present in Romania with seven hotels.
Viorel Visoiu also controls real estate developer Conarg, which in 2009 completed the largest residential project developed by private investors in Bucharest (the 988-apartment Rasarit de Soare complex in the Titan district). Visoiu had previously built Quadra Place, a 344-apartment complex near the Polytechnic University of Bucharest.
(English version by Catalina Apostoiu; Editing by Loredana Fratila-Cristescu)