This season, the Phoenicia Hotels chain was visited by over 250,000 tourists this season, stated owner Mohammad Murad.
Recently, following an investment of approximately EUR 5 million, Murad opened Athena Casino in Navodari, the only fully live casino on the Romanian coast, where all games are assisted by dealers, without electronic games.
With the new investment, located on the ground floor of a boutique hotel, the businessman stated that he aims to attract both Romanians and foreigners coming to Romania for relaxation.
Mohammad Murad owns nearly 4,000 accommodation places on the coast, in several hotels in Navodari, Mamaia, Jupiter, Olimp, and Neptun. After acquiring the Amfiteatru-Panoramic-Belvedere complex in Olimp for EUR 10 million, Murad announced he would invest around EUR 15 million in its renovation.
In parallel, the businessman also took over the Lido Hotel in Bucharest. He owns three more hotels in Bucharest operating under the Phoenicia brand, the Spring Time restaurant chain, the Mandy canning factory, and has built approximately 2,000 housing units in apartment blocks and villas in Bucharest and Constanta over the last 10 years.
Source: Profit
Frequently Asked Questions
How many tourists visited Phoenicia Hotels this season?
The Phoenicia Hotels chain was visited by over 250,000 tourists during this season, according to owner Mohammad Murad.
What is unique about the new Athena Casino in Navodari?
Athena Casino is the only fully live casino on the Romanian coast, featuring exclusively dealer-assisted games with no electronic machines.
What are Mohammad Murad’s major business holdings in Romania?
In addition to his hotels, Murad owns the Spring Time restaurant chain, the Mandy canning factory, and has developed approximately 2,000 residential units.