Hotel Lido will be reopened in December of this year by businessman Mohammad Murad, who has leased the hotel for 15 years from the owners and will invest a total of over EUR 5 million, intending to affiliate it with the hotel chain controlled by Donald Trump.
Businessman Mohammad Murad stated that in the first stage, investments of EUR 3 million were made. The hotel will be classified at 4 stars and will have 110 rooms, compared to the 128 it had in the past.
At the same time, Murad specified that next year the Belvedere, Amfiteatru, and Panoramic hotel complexes in Neptun-Olimp will be opened, which are currently under renovation and will be classified at 3 and 4 stars. The investment in these hotels amounts to EUR 25 million. Also next year, the 5-star plus Boutique Hotel in Navodari, which was built from scratch, will be opened.
Frequently Asked Questions
When will Hotel Lido reopen?
Hotel Lido is scheduled to reopen in December of this year following a significant renovation.
Who is the investor behind the reopening of Hotel Lido?
The hotel is being reopened by businessman Mohammad Murad, who has secured a 15-year lease on the property.
What other hotel projects is Mohammad Murad planning?
Murad is also renovating the Belvedere, Amfiteatru, and Panoramic complexes in Neptun-Olimp and building a 5-star plus Boutique Hotel in Navodari.