11.25.2015

Garanti Bank on Wednesday said it granted financing of EUR8.3 million to the company Jiul SA for the former Jiul hotel in Craiova, which was reopened Tuesday under the Ramada Plaza brand. more

10.16.2015

Rezidor Hotel Group is in talks to open new hotels in Romania, to complement its two hotels in this country, Radisson Blu and Park Inn by Radisson in Bucharest, says Arno Schwalie, area vice-president more

09.17.2015

Polish-held Orbis group, which manages seven hotels in Romania including the Ibis chain, as well as Novotel and Mercure in Bucharest, has signed partnerships with entrepreneurs to open two new hotels more

08.28.2015

Hotel chain Starwood Hotels & Resorts has officially entered the Romanian market with Sheraton brand, after having signed a franchise contract for minimum 20 years with Grand Plaza Hotel, which owns more

08.12.2015

Bucharest has seven luxury hotels, half as many as Prague, the most famous capital in Central and Eastern Europe in terms of tourist destinations. more

08.03.2015

The conversion of the Howard Johnson Hotel near Piata Romana in downtown Bucharest into the first Sheraton operating in Romania will be completed on August 28, says Daniel Ben-Yehuda, the general more

06.22.2015

Vega Turism, the operator of the five-star Vega Hotel in the Mamaia resort by the Black Sea posted 9% growth in revenue to 21 million lei (EUR4.7 million) last year, because of the rise in off-season more

05.27.2015

There is room for development of new hotels in Romania, says Frank Reul, the Belgian executive put in charge of the operations of the French hotel chain Accor in Romania, Macedonia and Bulgaria early more

04.14.2015

JW Marriott, Crowne Plaza and Howard Johnson, three of the most important hotels in Bucharest, have changed their chief executive officers in the last six months, putting only foreign executives at more

02.02.2015

The Grand complex, which includes the JW Marriott Hotel in Bucharest, saw a 6% increase in revenue last year, says Gregor Aufhauser, chief executive of Societatea Companiilor Hoteliere Grand, the more

01.26.2015

Four-star Cismigiu Hotel in downtown Bucharest has budgeted a 10% to 12% growth in revenue for 2015, says general manager Georgeta Grecu. more

01.20.2015

Hotel chain Starwood & Resorts will enter the Romanian market with Sheraton brand, after it signed a franchise contract with Grand Plaza Hotel, former Howard Johnson in Bucharest, the companies’ more

10.20.2014

Tourism business results are better than expected, having beat the 15% growth forecast, says businessman Marius Cristescu, who owns Bega Turism company together with his brother Emil Cristescu. more

10.17.2014

Two-star hotel Triumf in the capital city, Bucharest, one of the most valuable assets of Romania’s state property authority RA-APPS, will be put up for sale again, at a starting price of EUR19.6 more

10.09.2014

Accor, the world’s leading hotel operator, will open its first Mercure hotel in central Bucharest at the beginning of November, the operator said in a press release Thursday. more

10.05.2014

Athenée Palace Hilton five-star hotel, one of the landmark buildings of Bucharest, will have all its 272 rooms fully renovated, following a EUR8 million investment starting next year. more

09.12.2014

Hungarian group Danubius Hotels has invested EUR7 million in modernizing the Bradet Hotel in Sovata (in Romania's central-northern county of Mures), which is currently rated four-star superior and was more

08.27.2014

The top five hotel companies in Brasov County, the second most important destination in Romania after Bucharest by number of tourists, posted only 74 million lei (EUR17 million) revenue last year, more

08.22.2014

The five most important hotels in Mamaia by revenue of the companies that operate them posted 55 million lei (EUR12.4 million) revenue last year, an increase of 6% on 2012. more

08.20.2014

Bank of Cyprus on Wednesday said it has signed an agreement to sell its assets related to Societatea Companiilor Hoteliere Grand SRL, a company incorporated in Romania and owner of the JW Marriott more

08.07.2014

The 20 largest hotel owners in Romania account for one third of the local hospitality market, estimated at 3.35 billion lei (EUR750 million) and largely dominated by four and five-star hotels more

07.17.2014

A Turkish businessman plans to build a EUR100 million compound of 900 apartments, a five-star hotel, restaurants, bars, clubs, pools and sports courts on a 35,000-square-meter plot in 23 August, near more

06.12.2014

French hotel group Accor expands its presence on the Romanian market with a new brand, Mercure, by opening a hotel in downtown Bucharest this autumn. more

05.14.2014

Bucharest’s Cismigiu hotel, a monument building of the city, opened in late 2012, ended the first three months of this year with an average occupancy rate of 56%, from the 38% reached in the same more

04.10.2014

Poiana Alba Turism company, controlled by the stakeholders of bakery producer Farinsan Giurgiu, will start, in June, building a 5-star Ark hotel in Poiana Mica (at the Poiana Brasov entryway), in the more