11.15.2024

THR Marea Neagra (EFO.RO), which manages several hotels on the Romanian Black Sea coast, posted RON9.1 million net profit in the first nine months of 2024, half as much as in the year-ago period more

10.30.2024

Bucharest’s Corinthia hotel will open in the first part of 2025, more specifically in the first quarter, Simon Casson, Corinthia Group CEO, told ZF. more

10.04.2024

Grand Hotel Bucharest, the former Intercontinental hotel, managed by Compania Hoteliera Intercontinental Romania (RCHI.RO), ended the first half of 2024 with net profit of RON5.3 million, slightly more

09.25.2024

German luxury sportswear brand Bogner, present in over 50 countries, is expanding to Romania by opening its first store in The Grand Avenue shopping gallery located on the ground floor of JW Marriott more

08.22.2024

Bucharest will during the 2024-2026 period register the strongest increase in new hotel spaces among CEE capital cities, with an advance of around 5.8%, meaning another 2,400 rooms will be delivered, more

08.22.2024

The five-star Marmorosch Bucharest hotel, owned by Lithuanian group Apex Alliance, had an average occupancy rate of 80% in the first half of 2024, higher than in the year-ago period, and expects more

08.09.2024

Alternative investment fund Lion Capital (stock symbol: LION) acquired a package of 83.35 million shares in Grand Hotel Bucharest (RCHI) on July 31, representing 10% of the share capital of the more

08.07.2024

Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated revenues of EUR41.3 million, nearly double compared to 2019 and 46% more

08.06.2024

Bucharest’s four-star hotel Cismigiu, controlled by Spain’s Hercesa, boosted its turnover by 3% in the first half of this year from the year-earlier period, in line with its budget. more

08.02.2024

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the start of construction for the Mondrian Hotel in more

07.31.2024

On Wednesday, July 31, 204, a special transaction with 10% of the share capital of Grand Hotel Bucharest (stock symbol: RCHI) was registered in the Bucharest Stock Exchange system, as per stock market more

07.15.2024

Businessman Nicolae Bucovala, who owns Steaua de Mare hotel complex in Eforie Nord, Tomis Hotel in Mamaia and Oltenia Hotel in Olimp, says the investments made in refurbishment and services attract more

07.11.2024

Turism Felix (TUFE.RO, which manages five hotels in Baile Felix, Bihor County, has signed letters of intent to enter final negotiations with two international hotel chains to affiliate three of its more

07.01.2024

Five-star Radisson Blu Hotel in Cluj-Napoca developed by Winners Park Invest and opened in June 2022, operated at an average occupancy rate of 70% in June and entered high season, considering the more

06.26.2024

The four-star International Hotel in Sinaia, one of the largest in the mountain resort, with a capacity of 180 rooms, ended last year with RON41.5 million revenue, up 10% on the previous year, Finance more

06.12.2024

Infinity Capital Investments, one of the five financial investment companies listed on the Bucharest Stock Exchange, has announced it will organize, on June 20, a second auction for the sale of more

06.07.2024

Transilvania Investments Alliance’s (TRANSI.RO) executive board has called shareholders for a meeting on July 11 to vote on the sale of the stake Nova Tourism Consortium SA holds in Societatea more

06.04.2024

Five-star hotel Vibre in Cluj-Napoca has reached an occupancy rate of 55%, having opened last August. Demand for accommodation services has been steadily increasing from month to month, so the more

05.31.2024

Mamaia seaside resort will host the first Radisson Blu Hotel, a project to be developed by Monarc Properties, a real estate developer specialized in developing luxury hotel and residential projects. more

05.13.2024

Five-star Grand Hotel Italia in Cluj, part of the Italian Select Hotels Group chain, is aiming for RON40 million revenue in 2024, up from RON35 million in 2023, following the opening its spa. more

05.07.2024

Popescu family, which controls cake marker Natural, will start, in 2024 or 2025, the construction of a Hampton by Hilton hotel, with around 75 rooms, in Slatina, explained Elena Zoica, Natural more

04.10.2024

The four-star Cismigiu Hotel in Bucharest, one of landmark buildings of the city, held by Spain’s Hercesa, has budgeted for 3% higher revenue for 2024, up from EUR1.9 million in 2023, which was more

04.08.2024

Marigab Com, of Turceni, Gorj county, controlled by local entrepreneurs, specialized in food retail, will build a hotel of around EUR8 million, with money from the Just Transition program. more

03.30.2024

The Europa Hotel, which is located in the Eforie Nord seaside resort and is held by the company ANA Hotels, was renovated following an investment worth over EUR14 million and is due to open on April more

03.21.2024

Prahova-based Feruccio Group, controlled by businessman Ninel-Aurelian Alexandru, is investing EUR2.5 million in a winery and has submitted a project for the development of a EUR1.7 million hotel more