Sheraton Bucharest hotel expansion plans have been postponed by the owner of Sheraton, amid the COVID-19 pandemic.
Grand Plaza Hotel, the hotel administrator, wants to add about 100 rooms to the 270 already existing, but the pandemic caused the postponement of the hotel expansion scheduled since 2018.
In present, the hotel has 270 rooms and suites and will reach, upon completion of the expansion works, 370 rooms and suites.
The expansion will take place on two plots of land owned by Grand Plaza Hotel, 5,623 sqm on Calea Dorobantilor and 889 sqm on Magheru Boulevard, will have 8 floors and a height of 35 m.
The investment is estimated at about EUR 5 million, and the investment per room is between EUR 30,000-50,000/room.
Frequently Asked Questions
Why was the Sheraton Bucharest expansion postponed?
The expansion was delayed primarily due to the impact of the COVID-19 pandemic on the hospitality industry.
How many rooms will the Sheraton Bucharest have after the expansion?
The hotel will add approximately 100 rooms, bringing the total capacity from 270 to 370 rooms and suites.
What is the estimated cost of the Sheraton expansion project?
The total investment is estimated at approximately 5 million EUR, with a cost per room ranging between 30,000 and 50,000 EUR.