Loyal Paladin, a hotel operating company with 100% Romanian capital, is expanding its portfolio and taking over VOGH Hotel Olimp, a project located on the southern coast and completed in November.
The project is set to be launched on the market in 2023, and Loyal Paladin estimates it will generate revenues of over EUR 2.1 million, with an average annual occupancy of 42% and a seasonal average of 70%.
The VOGH Hotel Olimp complex features 173 apartments distributed across 12 floors, as well as exclusive facilities such as the 11th-floor sea-view pool, unique on the Romanian seaside.
Frequently Asked Questions
Who operates VOGH Hotel Olimp?
The hotel is operated by Loyal Paladin, a hotel management company with 100% Romanian capital.
What unique facilities does the hotel offer?
The complex features 173 apartments and a unique 11th-floor pool with a sea view, the only one of its kind on the Romanian coast.
What are the financial projections for 2023?
Loyal Paladin estimates revenues exceeding EUR 2.1 million, with a seasonal occupancy rate of 70%.