One United Properties has signed an agreement with Ennismore, the hospitality and lifestyle company, to open a hotel under the Mondrian brand in Bucharest.
It will be located at 8-10 Georges Clemenceau Street, near the Romanian Athenaeum, where One United Properties acquired an unfinished building in December 2022 for 13.5 million EUR, with the aim of re-authorizing and completing the construction to transform it into a hotel.
The Mondrian hotel was first opened in 1985 in Los Angeles as Le Mondrian by the L’Ermitage Hotel group, later being acquired by Ian Schrager and Morgans Hotel Group in 1996 and renamed Mondrian Hotel Los Angeles. Since 2021, the Mondrian brand, including the flagship in Los Angeles, has been managed by Ennismore following a joint venture with Accor, which is the majority shareholder.
Mondrian is present in Los Angeles, New York, South Miami Beach, Doha, Cannes, London, Bordeaux, Singapore, Mexico City, Ibiza, and Seoul, with new locations soon to open in Gold Coast, Australia, and Hong Kong.
Frequently Asked Questions
Where will the Mondrian hotel in Bucharest be located?
The hotel will be situated at 8-10 Georges Clemenceau Street, in close proximity to the Romanian Athenaeum.
Who is developing the project?
One United Properties is the developer, following a partnership agreement signed with the lifestyle hospitality company Ennismore.
What is the investment cost for the building?
One United Properties acquired the unfinished building in December 2022 for 13.5 million EUR to transform it into the Mondrian hotel.