10.02.2024

Bucharest office space occupancy costs have increased by around 10% in the past two years amid the rising building operational costs and the indexing of rents against inflation, in line with data 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

08.06.2024

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

01.22.2024

Vitantis Shopping Center in Bucharest will get new tenants soon and reach 100% occupancy rate. This is the project that got the highest investment volume made by its owner, businessman Omer Susli. more

09.26.2023

The Greenfield Plaza shopping center, developed by real estate developer Impact Developer & Contractor in the Greenfield Baneasa neighborhood, has reached an occupancy rate of 89%. 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

01.18.2023

Bucharest’s four-star hotel Cismigiu, one of the monument buildings of the city, controlled by Spain’s Hercesa, ended 2022 with EUR1.5 million turnover and for 2023 has budgeted EUR1.7 million, a 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

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

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

06.21.2022

The 4-star Iaki hotel in Romania’s seaside resort Mamaia, owned by former soccer international Gheorghe Hagi, posted RON17.2 million turnover last year, up 31% from 2020. more

03.16.2022

Octavian Lazar, a stakeholder in hotel complex Caro Hotels of northern Bucharest, says the company needs workforce as it hasn’t prepared for the current demand increase and it will bring 15 more

02.04.2022

Marius Vinatoru, marketing manager of International hotel of Sinaia, says 30% higher turnover has been budgeted for this year. more

01.17.2022

Rin Grand Hotel, the hotel of southern Bucharest, a EUR60 million investments, which stirred controversies at its launch in 2017, when the “biggest hotel of Europe” was announced, closed down for more

01.12.2022

Laura Ursu, general manager of Ana Hotels Poiana Brasov, says the company wants to reach 85% of 2019 turnover in 2022. more

12.23.2021

Calin Ilie, head of the Romanian Hospitality Industry Federation (FIHR), says the hotel sector will end this year with a decline of just 30% against 2019, when it reported a turnover of RON6.5 more

12.15.2021

Hotel complex Parc Hotels, including four-star units Ramada Parc and Ramada Plaza of northern Bucharest, will end 2021 with 10% higher turnover, according to the company’s officials. more

11.17.2021

Four-star hotel Capital Plaza, opened in 2009 and controlled by Romanian entrepreneurs, forecasts flat turnover in 2021 year-on-year. more

09.21.2021

Lithuanian-held Apex Alliance group, which owns five hotels in Romania, forecasts an occupancy rate of at least 60% by yearend for Marmorosch hotel of Bucharest’s old town, as the best more

08.25.2021

Garden Inn Bucharest Airport Hotel, controlled by Lithuania’s Apex Alliance, in July posted a 70% occupancy rate, with demand on an upward trend in recent months. more

04.06.2021

The Mendeleev Office 5 office building, developed by Akcent Development in the center of Bucharest and managed by the Asset Services team of Cushman & Wakefield Echinox, has attracted two new tenants, more

01.21.2021

Courtyard Bucharest Floreasca by Marriott Hotel, which opened in northern Bucharest in 2019, ended last year with a quarter of the occupancy rate owner Lithuania’s Apex Alliance had estimated. more

12.22.2020

Hotel operators in Romania expect an annual average occupancy rate of 31% in 2021, compared with 24% in 2020, when the market saw an average decline in profit of 73% for January-October, per a survey more