The Dogariu family, owners of the 4-star Mercure hotel in Bucharest, intend to build a new hotel unit in Bucharest, which will carry the Ibis brand and be classified at 3 stars, to be located in the Romanian Opera area.
The land has already been purchased, and the construction of the hotel, which will have 160 rooms, will be started at the end of the year after they receive the building permit. The investment will amount to approximately EUR 10 million.
In this industry in Romania, projects are operated under a management contract or franchise system.
The company Fivestar Hospitality conducted the feasibility study and was involved in negotiating the management contract.
The good results obtained by the Mercure hotel encouraged the Dogariu family to make a new investment in the field, at a time when new investments are expected in this sector, both in the Capital and in major cities.
Source: Ziarul Financiar
Frequently Asked Questions
Who is investing in the new hotel in Bucharest?
The Dogariu family, who also own the 4-star Mercure hotel in Bucharest, are the investors.
What brand will the new hotel operate under?
The new hotel will operate under the Ibis brand and will be a 3-star establishment.
What is the total value of the investment?
The investment is estimated at approximately €10 million for a 160-room hotel.