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

03.07.2024

The Autograph Collection by Marriott Hotel in Arad (western Romania), initially scheduled for opening in the first quarter of 2024, is expected to be inaugurated in the third quarter of 2026, as per more

02.27.2024

While the average hotel occupancy level across the CEE-6 capitals – including Bucharest, Bratislava, Budapest, Prague, Sofia, and Warsaw – in 2023 lagged 2019 by 9%, the ADR surpassed it by 23%, more

02.12.2024

The four-star International Hotel of Sinaia, one of the biggest units of the mountain resort, ended 2023 with 15% higher turnover from the RON37.4 million level reported in 2022. more

01.22.2024

Hospitality group Accor has partnered up with Romanian company Tecadra Hotels, held by the Cobalas family, for the conversion and extension of the existing Tecadra Hotel located in the Pipera area (in more

01.10.2024

This year's ski season, which started earlier than last year, when it snowed as late as February, could bring growth for the hotel business in Poiana Brasov. more

01.09.2024

CITR, as the judicial liquidator of Coroana de Aur Hotel, sold the hotel for EUR3.48 million + VAT, to the Moldovan brothers, the owners of the Jelna Winery. more

01.03.2024

Nordis Group has inaugurated Nordis Mamaia Hotel 5 *****, the most important hotel investment in Romania over the last 30 years and the largest leisure hotel in Central and Eastern Europe. more

12.22.2023

Five-star Radisson Blu in the city of Cluj-Napoca, developed by Winners Park Invest and opened in June 2022, will end 2023 with a turnover of EUR7.3 million-EUR7.4 million, in line with the projected more

12.21.2023

The four-star hotel Cismigiu in Bucharest, one of the city's landmark buildings, controlled by the Spanish Hercesa, will end this year with EUR1.9 million revenue, higher than in 2019, the benchmark more

12.14.2023

Lior Bebera, with a 25-year experience in the hospitality sector, at international level, has taken over the position of General Manager of Radisson Blu Hotel, Bucharest and Park Inn by Radisson more

12.14.2023

The Ramada Plaza Hotel in the southern city of Craiova, the city's only unit affiliated to an international hotel chain, anticipates to end 2023 with a turnover of EUR4 million, compared to EUR3.5 more

12.12.2023

Claudiu Aron, one of the largest hotel owners in Romania, known for the Alpin hotel complex located in the mountain resort of Poiana Brasov, says this year's trend was upward and the hotel is expected more

12.05.2023

Kempinski, Europe's oldest luxury hotel group, will be opening its first hotel in Romania, under the Kempinski brand, based on a partnership concluded with Rock Development Holding, one of the most more