02.16.2023

The Board of Directors of Aro-Palace (ARO.RO) has called an Extraordinary General Meeting of Shareholders for March 20, to vote on putting up for sale Coroana-Postavarul Hotel at a minimum price of more

01.24.2023

Entrepreneur Cristian Erbasu, who owns builder Constructii Erbasu, plans to start building a hotel in Oradea by the end of this year. more

01.05.2023

Three-star Capitol Hotel in the center of Brasov, held by Aro-Palace, will move to an international brand this year, says Aro-Palace chairman of the board of directors Calin Ilie. more

01.04.2023

InterContinental has returned to Romania, this time on a different hotel in Bucharest, the Athénée Palace. It had left Romania in 2022, when the logo of the brand was removed from the hotel in Piata more

12.08.2022

Accor hotel group is expanding its portfolio by signing a new franchise contract for a hotel which will operate under the Mercure brand in Bacau. more

11.28.2022

Lithuania’s Apex Alliance Group, which owns several hotels in Romania, expects to end 2022 with EUR25 million to EUR30 million revenue, its officials say. more

11.28.2022

The Radisson Blu Aurum Brasov hotel, inaugurated in October, targets a turnover of EUR6.5 million in 2023 and a minimum average occupancy rate of 65%. more

11.18.2022

The four-star International hotel of Sinaia, one of the largest units in the mountains resort, with a 180-room capacity, in September and October operated at an average occupancy rate of 80%, above more

11.11.2022

Cake maker Natural, controlled by Popescu family, will invest more than EUR8 million in a 100-room hotel in Slatina, with the unit due to enter under the umbrella of an international brand, explained more

11.09.2022

Consulting company Premier Hospitality, held by Calin Ile and Lucian Marinescu, becomes the first local company certified by international hotel group Marriott. more

11.02.2022

Bucharest’s four-star Cismigiu hotel, one of the city’s monument buildings, controlled by Spain’s Hercesa, expects to generate EUR1.45-1.5 million turnover in 2022, according to Mirela Cojocaru, more

10.31.2022

Aro-Palace (ARO.RO), which owns one of the largest five-star hotels outside Bucharest, ended the first nine months of the year with a net profit of about RON350,000 compared with a loss of RON1.1 more

10.26.2022

Urban Invest, the developer of the Urban Plaza mixed-use project in Brasov, will invest EUR25 million in building the first hotel to operate under the AC Marriott brand in Romania. more

10.25.2022

A new five-star hotel is planned to be built on a lot right near the Sheraton in Bucharest and is now awaiting the necessary permits, says Daniel Ben-Yehuda, who runs the five-star Sheraton and the more

10.24.2022

A project worth EUR6 million, due to include several sports grounds, swimming pools, event halls and a hotel, is set to be launched in Feleacu locality, Cluj county. more

09.30.2022

Compania Hoteliera Intercontinental Romania (RCHI.RO), the company managing Grand Hotel Bucharest, ended the first half of 2022 with total revenue of RON12.5 million, up 48% on the year, and a net more

09.07.2022

The Marmorosch Bucharest, Autograph Collection Hotel included in the portfolio of Lithuania’s Apex Alliance Group, recorded an average occupancy rate of over 50% in its first year of activity, as more

08.03.2022

Lithuania’s Apex Alliance group, controlled by several Lithuanian entrepreneurs, which owns five hotels in Romania, operated with an average 80% occupancy rate in the first half of this year, more

08.01.2022

The four-star Cismigiu hotel of Bucharest, one of the city’s landmark buildings, controlled by Spain’s Hercesa, expects to reach EUR1.45 million turnover by yearend, 80% of the benchmark 2019 more

07.26.2022

Regional investment fund SIF Banat-Crisana (SIF1.RO) has increased its stake in Compania Hoteliera Intercontinental Romania, which owns the Grand Hotel Bucharest formerly Intercontinental, from 10.6% more

07.21.2022

Nordis Group, a real estate developer of premium hotel and residential complexes, posted sales of RON123.7 million in the first half, as a result of the sale of 255 apartments in its four projects more

07.20.2022

Ana Hotels, a company owned by businessman George Copos, has signed a new management contract for the Athénée Palace hotel in central Bucharest, which will come under the InterContinental brand. more

07.04.2022

Five-star hotel Vega of Mamaia seaside resort, controlled by businessman Gabriel Comanescu, ended last year with turnover worth RON17.4 million (EUR3.6 million), up 9.4% year-on-year. more

06.23.2022

Four-star Nyota Hotel & Conference Center of Mamaia, with a capacity of 73 accommodation places, has budgeted 10% higher turnover for this year. more

06.22.2022

Accor, world-leading hospitality group, on Wednesday announced the signing of a new franchise agreement for the opening of a Mercure hotel on the Iron Gates (Portile de Fier) Riviera, by the Danube more