09.21.2021

Automotive component manufacturers Compa Sibiu has set up a company, Arini Hospitality, to develop the Mercure - Ibis project. more

09.21.2021

French Accor Group continues the expansion of the ibis Styles brand in Romania, by opening a hotel in Brasov, held by Kronstadt Hotel and operated via a management contract. more

09.21.2021

Grand Plaza Hotel company, which controls Bucharest’s Sheraton hotel, in 2020 saw turnover slump by 80% to RON 12 million, from RON61 million in 2019, in line with Finance Ministry data. more

09.02.2021

Revenues generated by the company managing Bucharest Intercontinental hotel dropped by 16% in the first half of this year, to just RON8.4 million. more

08.27.2021

Four-star Capital Plaza Hotel in Bucharest posted almost 80% decline in revenue to merely RON3 million in 2020, Finance Ministry data show. more

08.25.2021

Garden Inn Bucharest Airport Hotel, controlled by Lithuania’s Apex Alliance, in July posted a 70% occupancy rate, with demand on an upward trend in recent months. more

08.05.2021

Lithuanian hotel operator Apex Alliance, which owns and operates four hotels in Bucharest, has finalized its EUR42 million investment in Bucharest’s Old Town. more

08.04.2021

Nordis Mamaia 5***** last weekend inaugurated its new seaside hotel, with a lobby, coffee shop and shopping gallery of more than 1,500 square meters. more

07.29.2021

SIF Hoteluri, a company held by regional investment fund SIF Banat-Crisana, on Thursday said it sold the Rusca Hotel in Hunedoara, for a price of EUR1.1 million plus VAT applicable under the tax more

07.21.2021

Hold Invest, a company of businessman Calin Buzoianu, has completed sale of the Opera Plaza Hotel in Cluj-Napoca to the Babes-Bolyai University in a deal put at RON40 million. more

07.08.2021

Romania’s hotel market, the most affected sector by the coronavirus pandemic, expects to revive until 2024. In Romania, the net occupancy rate in 2020 was 11.3% lower than in 2019. For 2021-2023, 17 more

06.29.2021

Lithuanian hotel operator Apex Alliance, which owns and operates five hotels in Bucharest, has appointed Harmen Silver as general manager of its Marmorosch Bucharest, Autograph Collection hotel, set more

06.15.2021

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06.09.2021

The Mercure Hotel in Galati, owned by businessman Traian Sandu, was officially opened, one year later than originally planned. more

05.26.2021

Lithuanian hotel operator Apex Alliance, which owns and operates four other hotels in Bucharest, will inaugurate this summer the Marmorosch Bucharest hotel, Autograph Collection, following an more

05.25.2021

Ion Catutoiu, an entrepreneur engrossed in various investments, including in the real estate sector, and Andrei Stanciu, CEO of construction company Somet Group, will jointly develop a 150-room hotel more

05.19.2021

The Timis family, who owns the cold cuts producer Cris-Tim and Casa Timis mansion, plans to build a hotel in the next five years. The entrepreneurs intend to build some accommodation facilities in the more

04.28.2021

APX Hotels group, owned by Romanian investor Adrian Polec, has bought the former Libra hotel in Sibiu for EUR1.85 million, which it will renovate and reopen as the four-star Hermanns Hotel in July more

04.19.2021

Grand Plaza Hotel, which owns the Sheraton hotel in Bucharest, has sold the Neptun complex in the seaside resort of Neptun, for EUR5 million to Onix Residence. more

04.08.2021

French hotel management group Accor has announced the signing of a management contract with the owner of Mercure Sighisoara Binderbubi Hotel & SPA for the operation of the Binderbubi Hotel in Medias, more

03.26.2021

The hotel market in Romania could start recovering in the second half of 2021, supported by a pick-up in international travel, and the 2021 will bring fresh trends in the hospitality area, real estate more

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