More and more Romanian entrepreneurs are investing in four- and five-star hotels in Brăila, Tulcea, Arad, Slatina, Hunedoara, and Târgu-Jiu.
The largest investments by local entrepreneurs in hotels include:
- Radisson Blu in Cluj, owned by Horia Ciorcilă, the director of Banca Transilvania;
- Radisson Blu Timișoara, owned by Ovidiu Șandor, who is active in construction;
- Alma Health & Spa Retreat, owned by Vasile Dogărescu, who has investments in agriculture and a chain of gas stations;
- Autograph Collection by Marriott, owned by the Ghinea family, who own the Arsat group in Arad, with activities in industry and agriculture. The hotel will open in 2024 and will be the first unit under an international brand in Arad;
- Ramada By Wyndham Slatina, owned by Constantin Goanță, who also controls the pipe distributor Comtech Co; he renovated the Parc hotel in Slatina and reopened it under the Ramada brand;
- Ramada by Wyndham Târgu Jiu, owned by Cristi Șerban, is the first four-star accommodation unit under an international brand in Gorj County;
- Razelm Luxury Resort in Tulcea, Jurilovca, owned by the Tase and Dina Mergeani family, who are active in the field of agriculture;
- Werk Hotel & Spa, opened in Hunedoara by the Carmen and Lucian Hărău family, who have investments in metal trading;
- Mercure Portile de Fier Riviera Hotel & Resort in Mehedinți County will open this year with an investment from Eduard Koler, who is active in the bar and restaurant sector. The hotel opening will take place in the second half of this year;
- Alexandrion Royal in Sinaia will open this year with an investment from Nawaf Salameh, who is active in the alcoholic beverage production industry.
Frequently Asked Questions
Which international hotel brands are expanding in Romania through local investors?
Key international brands include Radisson Blu, Autograph Collection by Marriott, Ramada by Wyndham, and Mercure, all being developed via partnerships with Romanian entrepreneurs.
Who are some of the prominent Romanian business leaders investing in hotels?
Notable investors include Horia Ciorcilă (banking), Ovidiu Șandor (construction), Vasile Dogărescu (agriculture/energy), and Nawaf Salameh (beverages).
Are these luxury investments limited to Bucharest?
No, the current trend shows significant high-end investments in regional hubs and tourist areas such as Cluj, Timișoara, Arad, Slatina, Hunedoara, and Sinaia.