The shareholders of the Aro Palace hotel in Brasov want to access European funds to modernize a wing of the hotel, which was closed 4 years ago.
Following the investment, estimated at 14.4 million EUR, the hotel is expected to be expanded by 170 4-star places.
One of the two wings of the Aro hotel was modernized in 2005, when it became the first 5-star structure in the mountains.
Source: Hotel Invest
Frequently Asked Questions
What is the value of the investment at Aro Palace?
The estimated investment for modernizing the hotel wing is 14.4 million EUR.
What funding source are the shareholders targeting?
The shareholders of Aro Palace hotel intend to access European funds for this project.
How many new places will be available after the modernization?
The project aims to expand the accommodation capacity by 170 4-star rated places.