03.25.2021

Apulum Turism is developing an event center and a five-star hotel in Cluj-Napoca in a EUR10 million investment. more

03.11.2021

Hotel transaction volume in Romania declined 87% in 2020, to around EUR9.5 million, from EUR75 million in 2019, as the pandemic put investor activity on hold and many sellers postponed their planned more

03.10.2021

Visionapartments, a company owned by 44-year-ld Swiss millionaire Anja Graf, signed an agreement Wednesday to acquire the former Ramada Majestic hotel located on Calea Victoriei in downtown Bucharest. more

03.02.2021

The first signs of a rebound in tourism industry will show this year, says Calin Ile, chairman of the hotel industry in Romania FIHR and he expects the sector to recover 25% of last year’s decline. more

02.15.2021

The Cubix hotel in Brasov, central Romania, will join the Mercure network under a franchise agreement with French group Accor. more

02.03.2021

Bucharest’s hotel industry has been badly hurt by the crisis and one thing that shows it is the 17 for sale ads for hotels, according to real estate classifieds website imobiliare.ro, one of the more

01.21.2021

Courtyard Bucharest Floreasca by Marriott Hotel, which opened in northern Bucharest in 2019, ended last year with a quarter of the occupancy rate owner Lithuania’s Apex Alliance had estimated. more

01.19.2021

Revenue of the luxury hotels in Romania halved to 57 million lei due to the pandemic in 2020, market research company Euromonitor data show. more

12.22.2020

Hotel operators in Romania expect an annual average occupancy rate of 31% in 2021, compared with 24% in 2020, when the market saw an average decline in profit of 73% for January-October, per a survey more

11.19.2020

While many hotels and other accommodation facilities used to be booked for winter holidays already at this time of the year, the pandemic took people’s joy of spending Christmas and New Year’s more

11.06.2020

The eight hotels of the Continental Hotels chain may close as of December 15, says CEO and chairman Radu Enache. The decision comes amid a significant decline in the revenue of the hotel company. more

10.13.2020

The top 20 hotel companies by revenue, which are based in Bucharest, posted 1.1 billion lei revenue in 2019, Trade Register Office data show. more

10.08.2020

APX hotel group of Romanian investor Adrian Polec, which owns four hotels in Bucharest and the rest of the country, will open its fifth hotel, in Sibiu, next year. more

08.24.2020

French Accor Group is extending its network in Romania with a new hotel called ibis Styles Dunarea Galati, the second unit opened in 2020; five other hotels, including Mercure Galati Centrum, will be more

08.24.2020

Ibis Styles Bucharest Erbas Hotel is getting a new extension, the third building part of the hotel, with construction started a few months ago by owner Cristian Erbasu, who also owns builder more

07.22.2020

Accor hotel group has appointed Raluca Mihaescu to the position of general manager of the ibis Bucharest Politehnica hotel, which will be inaugurated in the autumn of 2020. more

07.20.2020

Hungary’s Ensana hotel chain, which owns three hotels in Romanian Sovata resort, will be opening the Ursina Ensana Health Spa Hotel (Faget) end-July 2020, following an investment of over EUR8 more

07.02.2020

Accor Group has signed a management agreement with Alexandra Residence Design to open a 144-room ibis hotel, by end-2022, in the vicinity of the future Terminal 2 of Henri Coanda (Otopeni) more

06.23.2020

Athenee Palace S.A. Bucuresti (ATPA.RO), the company which administers the same-name hotel in downtown Bucharest, said Tuesday in a stock market statement that it would summon shareholders on July 28, more

06.16.2020

The hotel market could return to an occupancy rate of 50-60% for hotels operated by recognized brands towards the end of the year, in a scenario in which the epidemiological context remains stable or more

06.10.2020

Lithuanian Apex Alliance Group, held by several Lithuanian entrepreneurs, including Nerijus Numavicius, deemed the richest man in Lithuania, will be opening the Moxy Bucharest Old Town hotel (a more

03.20.2020

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02.26.2020

More than 7,900 hotel rooms in Romania or 10% of the total number of three, four and five-star rooms were affiliated to an international hotel chain last year, hotel consultancy Trend Hospitality data more

02.05.2020

Spanish-held private equity firm GED is looking for a buyer for the almost 30% in Continental hotel group, businessman Radu Enache, the majority owner of the business, says. more

01.31.2020

Entrepreneur Octavian Radu who owns several businesses, among which bookstore chain Diverta and mailing company Pink Post, has bought the majority stake (51%) in a five star hotel and restaurant in more