For this year, the Sheraton hotel in Bucharest, part of the Starwood Hotels & Resorts hotel chain, estimates a 20% business growth, based on investments scheduled for the first part of the year. The company managing the hotel recorded a turnover of approximately EUR 10 million last year, of which 55% came from accommodation, 30% from F&B, and 15% from rents.
For the first part of the year, the company has scheduled investments of over EUR 350,000 in the Centro confectionery, in the creation of a relaxation center that will open at the beginning of July, and in the expansion of the parking lot.
Among Sheraton’s objectives this year are the revamping of the entire menu and the repositioning of the Avalon restaurant, respecting the highest quality standards for a 5-star hotel.
The Sheraton hotel in Bucharest has 270 rooms, a 1,200 sqm conference center, and a restaurant area.
Source: Profit
Frequently Asked Questions
What is the projected growth for Sheraton Bucharest this year?
Sheraton Bucharest estimates a 20% increase in turnover, following a previous year performance of approximately EUR 10 million.
What new investments are planned for the hotel?
The hotel is investing over EUR 350,000 in the Centro confectionery, a new relaxation center opening in July, and parking expansion.
How is the hotel’s dining experience being improved?
The hotel plans to revamp the entire menu and reposition the Avalon restaurant to align with 5-star quality standards.