On July 18, Mohammad Murad, the owner of the Phoenicia hotel chain and president of the Federation of Romanian Tourism Employers (FPTR), officially opened the 5-star Phoenicia Royal hotel located within the Phoenicia complex in Mamaia Nord – Navodari. The investment amounts to 7 million EUR, with financing from banks and own sources, according to representatives of the hotel chain.
The new hotel has 144 accommodation units, including rooms, apartments, and duplexes with terraces exceeding 130 sqm.
Representatives of the Phoenicia chain stated that next year the Belvedere, Amfiteatru, and Panoramic hotel complex in Neptun Olimp will be opened, currently undergoing renovation and to be classified at 3 and 4 stars, as well as a Boutique Hotel in Navodari, which is being built from scratch and is intended to have a 5-star plus standard.
Frequently Asked Questions
Who is the owner of Phoenicia Royal?
The hotel is owned by Mohammad Murad, the owner of the Phoenicia chain and president of the Federation of Romanian Tourism Employers (FPTR).
What was the investment value for the new hotel?
The investment for Phoenicia Royal amounted to 7 million EUR, funded through bank loans and internal resources.
What future projects is the Phoenicia chain planning?
The chain plans to open the Belvedere-Amfiteatru-Panoramic complex in Neptun Olimp and a new 5-star plus Boutique Hotel in Navodari.