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Austrian group wants to sell Novotel hotel in Bucharest
Austrian group S Immo wants to sell the Novotel hotel in Bucharest “if it gets a good price,” reports local Ziarul Financiar. The company announced its intention ... Hotels represent 10.5% of the Austrian group's portfolio as value. However, they ...

Business Review

Eturia estimates turnover growth by 35 pct this year up to EUR 11 mln
Business Review
„We have a very big hotels portfolio in extra-European destinations. We'll involve more in the online business, where we'll expand more than in the offline. We are working on some bold projects to allow us to sell online not only in Romania but also ...

Hungarian group invests EUR 4 mln in Faget hotel in Sovata, Romania
Hungarian hotel group Danubius, which owns three hotels in the Romanian spa resort Sovata, plans to invest EUR 4 million in the Faget hotel to reclassify it from two stars to a three-star rating, according to local The group providers ...

Radisson Blu Hotel in Bucharest names new German executive chef
Over the last 20 years, he has worked in hotels such as Danat Al Ain Resort/Al Ain, Kempinski Hotel Ajman – UAE; Kempinski San Lawrenz – Gozo Malta; Kilimanjaro Hotel Kempinski/Dar es Salaam – Tanzaniam and Kempinski Hotel Airport München ...

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Tax Agency sells luxury hotel in northern Romania
The Romanian Tax Agency (ANAF) has put up for sale the five-star hotel Metropolis in Bistrita, northern Romania, owned by the gambling and real estate operator Metropolis Grup. ANAF is trying to sell the hotel via a tender with a starting price of ...

Local real estate developer buys 150-year-old haunted hotel in Romania
Local real estate developer Trust Invest, controlled by businessman Nicolae Capusan, will buy the Decebal Hotel in Baile Herculane, Caras-Severin County, put up for sale by the tax agency ANAF. The developer will borrow RON 4.5 million (some EUR 1 ...

Orbis Hotels plans expansion in Eastern Europe, including Romania
Polish hospitality group Orbis, which manages seven hotels in Romania, plans to open eight hotels in Eastern Europe in the next month. Three of them will be located in Romania, namely Mercure Sighisoara Binderbubi, ibis Styles Arad and Mercure ...

Business Review

Orbis to expand Balkans hotel network, including three new units in Romania
Business Review
Orbis has announced expansion plans in Eastern Europe and changes in its development team. The company will open eight hotels in the upcoming few months in the region, including three in Romania, and the hotel operator has 40 contracts in the pipeline.
Orbis Group to open seven hotels in 4 SEE countriesSeeNews

all 2 news articles »

Tax agency sells Romanian investor's hotels in Danube Delta
Romania's tax agency ANAF has put up for sale two hotels in the Danube Delta and a villa in Giurgiu owned by local investor Sorin Ovidiu Vintu, who was sentenced to eight years in prison for the National Investment Fund (FNI) fraud, reports

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