08.30.2023

City Grill Group, one of the strongest domestic players in the HoReCa industry, has announced in a press statement the completion of its most extensive investment process to date. more

08.21.2023

The Bucharest hotel market remains attractive for hotel operators to expand their networks in Central and Eastern Europe (CEE). Bucharest is the 5th most attractive market out of 20 cities in CEE in more

08.17.2023

Nordis Group, a real estate developer of premium hotel and residential complexes, has recruited Corneliu Ghimbasanu for the position of general manager of five-star Nordis Mamaia Hotel the company is more

08.09.2023

Real estate development company Rock Development Holding will invest EUR70 million in the development of the first five-star hotel project in Poiana Brasov. The new luxury project will consist of a more

07.26.2023

The Hampton by Hilton Hotel in Targu Mures, an investment worth EUR11 million of the Multinvest Group and co-funded by the Pro Economica Foundation, was inaugurated in July following works that took more

07.19.2023

Bucharest’s four-star hotel Cismigiu, one of the city’s monument buildings, controlled by Spain’s Hercesa, ended the first half of this year with 15% higher revenues than in the first six months more

07.18.2023

2022 brought fewer companies on Romania’s hotel market, but profit hit a five-year high, of RON1.5 billion, in line with Trade Registry data. more

07.17.2023

The four-star Iaki Hotel in the Mamaia resort, owned by former football player Gheorghe Hagi, posted RON23.7 million revenue last year, up 38% from the previous year's RON17.2 million, official data more

07.14.2023

Hotel company Aro-Palace (ARO.RO) on Friday informed its shareholders and interested people via a stock market report that it was signed the sale-purchase contract for the Coroana-Postavarul Hotel in more

07.11.2023

IHG Hotels & Resorts (InterContinental) is expanding in Romania with the signing of the Indigo Hotel in Satu Mare, a brand debut in the country, according to the corporate website. more

06.27.2023

Hotel company Aro-Palace (ARO.RO) said in a stock market report on Tuesday (June 27) that it was teaming up with ACCOR, a world-leading hospitality group, for the reopening of the Capitol Hotel in more

06.27.2023

Lithuania's Apex Alliance group, which manages the Marmorosch Hotel in capital city Bucharest, has appointed Italian Giovanni Valentini to the position of Chief Executive Officer (CEO) of the Apex more

06.20.2023

Crowne Plaza Bucharest Hotel, operated under a franchise contract by international hotel chain InterContinental Hotels Group, has completed works for mounting photovoltaic panels that can generate a more

06.14.2023

The Belis-Fantanele Hotel in Cluj County, owned by Transilvania Trek, will be operated under the Hampton by Hilton brand on the basis of a franchise contract. more

06.06.2023

Hotel company Aro-Palace (ARO.RO) has informed the local capital market of a sealed-bid auction for the sale of the Coroana-Postavarul hotel in Brasov (central Romania). more

05.30.2023

JW Marriott Hotel in Bucharest doubled its revenue to RON154 million in 2022, Finance Ministry data show. Last year’s revenue was its highest ever. more

05.24.2023

Lithuanian Group Apex Alliance and Paval Holding, the latter of which is held by the Paval brothers, the owners of DIY retail chain Dedeman, have completed the acquisition of the Grand Hotel Gardone more

05.23.2023

The occupancy rate of Bucharest hotels stood at 62% in the first quarter of 2023, up 33% from the year-earlier period, and is just 5% below the 2019 level, placing Romania’s capital city second in more

05.09.2023

Premier Palace & Spa Hotel in Bucharest, held by Premier Palace, insolvent since 2019, has been put up for sale for EUR6.9 million, court appointed trustee Euro Insol announced. more

05.09.2023

Real estate developer Forty Management has signed an agreement with Ascott hotel chain held by Singapore’s largest real estate investment company to bring The Crest Collection brand to Bucharest. more

05.03.2023

Grand Hotel Bucharest, the former Intercontinental hotel, managed by Compania Hoteliera Intercontinental Romania (RCHI.RO), had a turnover of RON26.8 million in 2022, up 42.9% from 2021, and a net more

03.23.2023

Lorand and Zsuzsanna Szarvadi, the owners of Balvanyos Resort & Spa of Covasna, have acquired Bucharest’s K+K Elisabeta hotel and are set to relaunch it under the newly-founded hotel brand Peakture, more

03.15.2023

Timisoara is becoming a weekend destination now that it is European capital of culture this year, and organizes events on weekends, which is a big plus for tourism, says entrepreneur Marius Cristescu, more

03.14.2023

Romania’s hotel market boasted an accelerated recovery in 2022 and the tendency is set to continue in 2023 as well. Bucharest registered much more intense tourism activity, which reached more

03.01.2023

Accor Group has signed a franchise agreement with local company Sab Serv Expres SRL for the opening of a new Mercure hotel in capital Bucharest in the fall of 2023. more