Bacău entrepreneur Ovidiu Budeanu has signed a franchise agreement with the French hotel group Accor to open a 4-star Mercure hotel, an investment of approximately EUR 7 million, located next to the Arena Mall Bacău expansion.
The Mercure hotel in Bacău will feature 80 rooms, an à la carte restaurant, an outdoor terrace, a bar, a 775 sqm ballroom, 3 separate meeting rooms including a foyer, and a rooftop lounge with lake views for small private and corporate events.
Accor operates 7 other Mercure hotels in Romania, in Bucharest, Galați, Sibiu, Timișoara, Mediaș, and Sighișoara, and is preparing to open 3 more over the next two years in Sibiu, Brașov, and Porțile de Fier. The Accor Group has over 5,300 hotels and 10,000 restaurants and bars across 110 countries.
The investment in Bacău is currently in the technical documentation stage for obtaining the building permit, which is expected in about 5-6 months. At that point, the contractor SSAB from Bacău will begin the expansion of Arena Mall, the construction of the hotel, and a residential complex with approximately 300 apartments. The inauguration of the shopping center expansion is scheduled for November 30, 2024, and the hotel for May 1, 2025, at the latest.
In 2021, Arena Mall recorded a turnover of approximately EUR 6.6 million, a 38.7% increase compared to the previous year, and a net profit of approximately EUR 1.8 million.
The company operating Arena Mall was owned in equal parts by Bogdan and Iana Budeanu, the entrepreneur’s children. Ovidiu Budeanu entered the company with a stake of approximately 2% to lead the board of directors.
Frequently Asked Questions
Where will the new Mercure hotel be located?
The hotel will be built next to Arena Mall in Bacău, as part of an expansion project that also includes a residential complex.
What is the investment value for the Mercure hotel in Bacău?
The total investment for the development of the 4-star hotel is estimated at approximately EUR 7 million.
When is the Mercure Bacău hotel scheduled to open?
The hotel’s opening is scheduled for May 1, 2025, at the latest, following the completion of construction work.