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Results 1 - 25 from 273 for "hotel"

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  • Aro-Palace Aims To Get At Least EUR9.1M From Sale Of Coroana-Postavarul Hotel In Brasov

    06.06.2023

    Hotel company Aro-Palace (ARO.RO) has informed the local capital market of a sealed-bid auction for the sale of the Coroana-Postavarul hotel in Brasov (central Romania). more

  • JW Marriott Hotel In Bucharest Doubles Revenue To RON154M In 2022

    05.30.2023

    JW Marriott Hotel in Bucharest doubled its revenue to RON154 million in 2022, Finance Ministry data show. Last year’s revenue was its highest ever. more

  • Apex Alliance And Paval Holding Buy Italy's Legendary Grand Hotel Gardone

    05.24.2023

    Lithuanian Group Apex Alliance and Paval Holding, the latter of which is held by the Paval brothers, the owners of DIY retail chain Dedeman, have completed the acquisition of the Grand Hotel Gardone more

  • Bucharest Hotel Market Shows Signs of Recovery

    05.23.2023

    The occupancy rate of Bucharest hotels stood at 62% in the first quarter of 2023, up 33% from the year-earlier period, and is just 5% below the 2019 level, placing Romania’s capital city second in more

  • Premier Palace & Spa Hotel In Bucharest Up For Sale For EUR6.9M

    05.09.2023

    Premier Palace & Spa Hotel in Bucharest, held by Premier Palace, insolvent since 2019, has been put up for sale for EUR6.9 million, court appointed trustee Euro Insol announced. more

  • Ascott Group’s The Crest Collection Hotel Brand Enters Romania Via Partnership With Forty Management

    05.09.2023

    Real estate developer Forty Management has signed an agreement with Ascott hotel chain held by Singapore’s largest real estate investment company to bring The Crest Collection brand to Bucharest. more

  • Grand Hotel Bucharest Ends 2022 With RON26.8M Revenue, Up Nearly 43% YoY

    05.03.2023

    Grand Hotel Bucharest, the former Intercontinental hotel, managed by Compania Hoteliera Intercontinental Romania (RCHI.RO), had a turnover of RON26.8 million in 2022, up 42.9% from 2021, and a net more

  • Balvanyos Resort Owners Buy Bucharest’s K+K Elisabeta Hotel

    03.23.2023

    Lorand and Zsuzsanna Szarvadi, the owners of Balvanyos Resort & Spa of Covasna, have acquired Bucharest’s K+K Elisabeta hotel and are set to relaunch it under the newly-founded hotel brand Peakture, more

  • Bega Turism Expects 25% Growth in Revenue in 2023

    03.15.2023

    Timisoara is becoming a weekend destination now that it is European capital of culture this year, and organizes events on weekends, which is a big plus for tourism, says entrepreneur Marius Cristescu, more

  • Romania Hotel Market Witnesses Fast Rebound in 2022

    03.14.2023

    Romania’s hotel market boasted an accelerated recovery in 2022 and the tendency is set to continue in 2023 as well. Bucharest registered much more intense tourism activity, which reached more

  • Accor Group To Open A New Mercure Hotel In Bucharest In Fall 2023

    03.01.2023

    Accor Group has signed a franchise agreement with local company Sab Serv Expres SRL for the opening of a new Mercure hotel in capital Bucharest in the fall of 2023. more

  • Aro-Palace Calls Shareholders to Vote on Sale of Coroana-Postavarul Hotel in Brasov

    02.16.2023

    The Board of Directors of Aro-Palace (ARO.RO) has called an Extraordinary General Meeting of Shareholders for March 20, to vote on putting up for sale Coroana-Postavarul Hotel at a minimum price of more

  • Cristian Erbasu Set to Invest EUR20M in Two Hotels

    01.24.2023

    Entrepreneur Cristian Erbasu, who owns builder Constructii Erbasu, plans to start building a hotel in Oradea by the end of this year. more

  • Aro-Palace’s Capitol Hotel in Brasov to Switch to International Brand

    01.05.2023

    Three-star Capitol Hotel in the center of Brasov, held by Aro-Palace, will move to an international brand this year, says Aro-Palace chairman of the board of directors Calin Ilie. more

  • InterContinental Returns to Romania

    01.04.2023

    InterContinental has returned to Romania, this time on a different hotel in Bucharest, the Athénée Palace. It had left Romania in 2022, when the logo of the brand was removed from the hotel in Piata more

  • Accor To Open New Mecure Hotel In Bacau

    12.08.2022

    Accor hotel group is expanding its portfolio by signing a new franchise contract for a hotel which will operate under the Mercure brand in Bacau. more

  • Apex Alliance Expects EUR25M-EUR30M Revenue from Hotels in Romania

    11.28.2022

    Lithuania’s Apex Alliance Group, which owns several hotels in Romania, expects to end 2022 with EUR25 million to EUR30 million revenue, its officials say. more

  • Radisson Blu Aurum Hotel In Brasov Estimates EUR6.5M Turnover For 2023

    11.28.2022

    The Radisson Blu Aurum Brasov hotel, inaugurated in October, targets a turnover of EUR6.5 million in 2023 and a minimum average occupancy rate of 65%. more

  • International Hotel of Sinaia Expects 75%-80% Occupancy Rate in November

    11.18.2022

    The four-star International hotel of Sinaia, one of the largest units in the mountains resort, with a 180-room capacity, in September and October operated at an average occupancy rate of 80%, above more

  • Cake Maker Natural Set to Invest EUR8M in Slatina100-Room Hotel

    11.11.2022

    Cake maker Natural, controlled by Popescu family, will invest more than EUR8 million in a 100-room hotel in Slatina, with the unit due to enter under the umbrella of an international brand, explained more

  • Premier Hospitality Becomes First Local Company Certified By Marriott Hotel Group

    11.09.2022

    Consulting company Premier Hospitality, held by Calin Ile and Lucian Marinescu, becomes the first local company certified by international hotel group Marriott. more

  • Bucharest’s Hotel Cismigiu Expects EUR1.5M Turnover in 2022

    11.02.2022

    Bucharest’s four-star Cismigiu hotel, one of the city’s monument buildings, controlled by Spain’s Hercesa, expects to generate EUR1.45-1.5 million turnover in 2022, according to Mirela Cojocaru, more

  • Hotel Company Aro-Palace Switches to Profit in Jan-Sep

    10.31.2022

    Aro-Palace (ARO.RO), which owns one of the largest five-star hotels outside Bucharest, ended the first nine months of the year with a net profit of about RON350,000 compared with a loss of RON1.1 more

  • Urban Invest Earmarks EUR25M for First AC Marriott Hotel In Romania

    10.26.2022

    Urban Invest, the developer of the Urban Plaza mixed-use project in Brasov, will invest EUR25 million in building the first hotel to operate under the AC Marriott brand in Romania. more

  • Daniel Ben-Yehuda, Sheraton: Bucharest Needs More Five-Star Hotels

    10.25.2022

    A new five-star hotel is planned to be built on a lot right near the Sheraton in Bucharest and is now awaiting the necessary permits, says Daniel Ben-Yehuda, who runs the five-star Sheraton and the more

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