11.05.2024

Hotel company ARO Palace Brasov (stock symbol: ARO), controlled by alternative investment fund Transilvania Investments Alliance (stock symbol: TRANSI), has called shareholders for a meeting on more

10.29.2024

Hotel company ARO Palace, controlled by Transilvania Investments, has signed the franchise agreement with hotel chain Hyatt to transfer the ARO Palace hotel under the international brand. more

08.12.2024

Hotel company Aro-Palace (stock symbol: ARO) reported net profit of RON1.06 million for January-June 2024, up 25% from the same period of 2023, as per its half-yearly financial report published at the more

02.27.2024

Aro-Palace (ARO.RO), the company that manages two hotels in Brasov, reported net profit of RON35.2 million for 2023, compared to a loss of RON708,200 in 2022, and revenue of RON80.5 million, up 125% more

02.16.2024

Aro Palace, the company that manages hotels in Brasov, has announced the first step towards striking a franchise agreement with international group Hyatt for the Aro Palace Hotel. more

10.31.2023

Real estate investor-developer Hagag Development Europe has started work on the restoration, consolidation and refunctionalization of Stirbei Palace on Calea Victoriei. H Stirbei Palace is the more

08.11.2023

Hotel company Aro-Palace ( ARO.RO) reported a net profit of RON856,256 for the first half of 2023 from a loss of RON958,224 in the same period of 2022, the company said in its half-year financial 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

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

06.06.2023

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

01.25.2023

Aro Palace Brasov, controlled by Transilvania Investments, is looking for a CEO, as well as a general manager for the hotel of the same name. 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

08.03.2022

Real estate developer Hagag Development Europe has received the permit needed to start consolidation and renovation works on the Stirbey Palace, a historical monument in downtown Bucharest, where more

02.10.2022

Hotel company Ana Hotels, one of the largest on the local market, which operates the Athénée Palace Hilton and Crowne Plaza hotels in Bucharest, as well as hotels by the sea and in Poiana Brasov, more

09.28.2021

Bucharest’s five-star Suter Palace Heritage Boutique Hotel in 2020 registered turnover of above RON2 million. The hotel was opened in 2018 and posted RON2 million revenues in its first year of more

06.03.2021

The first stage of the Athenee Palace Hilton hotel renovation, whereby the new 132-room hotel wing was refurbished, has been completed and works on the second stage are to start in October 2021. more

05.18.2021

The first stage of a EUR25 million renovation of the Athenee Palace Hilton hotel in Bucharest will be completed by the end of May, owner ANA Hotels said Tuesday. more

03.09.2021

Romanian lender BRD Groupe Société Générale has granted a EUR20 million loan to Ana Hotels group for the renovation of the Athenee Palace Hilton hotel in Bucharest, a historical building in the more

03.08.2021

Ana Hotels has started a EUR25 million investment in the capital renovation of the Athenee Palace Hilton hotel in Bucharest, a historical building in the city center. more

12.10.2020

Fashion retailer Marc O’Polo, with over 2,000 points of sale in 37 countries, opens its fourth mono-brand store in Romania in the AFI Palace Cotroceni shopping center in Bucharest, a transaction more

06.29.2020

Real estate developer HAGAG Development Europe said Monday it has secured an urban planning permit in view of restoration works on the Stirbey Palace, a historical monument in downtown Bucharest. more

06.23.2020

Athenee Palace S.A. Bucuresti (ATPA.RO), the company which administers the same-name hotel in downtown Bucharest, said Tuesday in a stock market statement that it would summon shareholders on July 28, more

03.20.2020

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03.04.2020

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12.18.2019

Luxembourg-based investment fund Vivion, held by Isaac and Amir Dayan brothers from Israel, has acquired the BCR Palace in Bucharest’s Piata Universitatii (University Square), within this year’s more