The company owned by Cristian Erbașu plans to invest €20 million in two hotels in Bucharest and Oradea, and €7 million in a prefabrication plant.
Businessman Cristian Erbașu expects to begin construction of a three-star hotel with 120 rooms in Oradea by the end of this year.
The hotel will be built five minutes from the city center, near the Museum of Țara Crișurilor, the future Cultural Center, and the stadium to be constructed.
He also plans an investment in a four-star hotel in the northern part of Bucharest.
Both hotels will be completed in 2025, joining the well-known ibis Styles Erbas hotel in the Aviației area of Bucharest, which also belongs to the Erbașu group.
Frequently Asked Questions
Where will the new Erbașu hotels be located?
The hotels will be located in Oradea (near the city center) and in the northern district of Bucharest.
What is the total value of the investment?
The total investment is €27 million, with €20 million allocated to the hotels and €7 million to a prefabrication plant.
When are the new hotels expected to open?
Construction on the Oradea project starts in late 2024, and both hotels are scheduled for completion in 2025.