Iraqi businessman Tomah Kahled, owner of the Sir shopping complex in Bucharest, has bought the former 4-star Best Western Plus ExpoCenter hotel from the bank and is now preparing to build a new hotel in one of Bucharest’s business hubs. The bank sold the hotel to Tomah Kahled for €4.1 million. The Iraqi investor included it in the Sir hotel group and has already reopened it under the name Sir Royal, the first 4-star hotel in its portfolio. The 4-star Sir Royal has 39 rooms. The hotel’s facilities include 3 conference rooms, each with a capacity of up to 50 people, and 3 large event rooms with a capacity of up to 200 people. Tomah Kahled is also planning to build a hotel on a 650 square meter plot of land he owns across the street from the Orchid shopping center and near the Sir Orchid Hotel, which the investor has in his portfolio. His plan is to build a hotel with a basement, ground floor and 6 floors with a floor area of 2,250 square meters, equivalent to about 60 rooms.