Following the announcement made by the shareholders and management of the company operating the DoubleTree by Hilton Bucharest Hotel, who stated that among the reasons leading to the hotel’s closure was the lack of understanding from its major financial partner, BRD-Groupe Société Générale, the bank has responded with several details.
Thus, the bank’s representatives explained that they supported the activity of the company operating the DoubleTree by Hilton Bucharest Hotel, ensuring its proper functioning based on objective and non-discriminatory criteria for collaborating with its clients. At the same time, BRD-GSG representatives highlighted that banking prudence and current legislation were taken into account, with the factors and criteria being objective.
The former Bucharest City Hotel, rated 4 stars, had been affiliated with the international chain since 2011, being one of the four hotels operating under the DoubleTree by Hilton brand in Romania and the only one in Bucharest. The hotel’s owners have put it up for sale for EUR 12 million.
Frequently Asked Questions
Why did DoubleTree by Hilton Bucharest close?
The management cited several reasons, including a lack of understanding from their financial partner, BRD-GSG, while the bank maintains it followed objective banking prudence and current legislation.
What is the asking price for the hotel?
The owners have listed the property for sale at a price of 12 million EUR.
How long was the hotel affiliated with Hilton?
The hotel, formerly known as Bucharest City Hotel, joined the DoubleTree by Hilton brand in 2011.