The 4-star Hilton Garden Inn Bucharest Airport hotel, the first hotel located in an airport in Romania, will be bought by Yellow Tree, with the real estate group thus entering the hotel market.<\/p>\n
The real estate group Yellow Tree will enter the hotel market through the acquisition of the 4-star Hilton Garden Inn Bucharest Airport hotel, the first hotel located in an airport in Romania, from the Lithuanian operator Apex Alliance Hotel Management.<\/p>\n
Hilton Garden Inn Bucharest Airport was opened in August 2019, has 218 rooms, and required an investment of EUR 19 million.<\/p>\n
Through this acquisition, Yellow Tree will enter the hotel market. Until now, the company’s investments have been focused on office buildings and warehouses in Bucharest.<\/p>\n
Apex Alliance will continue to operate the hotel under a lease agreement, thus ensuring continuity in management and services.<\/p>\n
The buyer of the hotel, the Yellow Tree group, started its activity in Romania in 2015.<\/p>\n
The investors have accumulated properties with a value of around EUR 75.7 million in Bucharest and an area of about 90,000 sqm. Their target was to reach a portfolio of one million square meters by 2025.<\/p>\n
The Yellow Tree group specializes in the acquisition of non-performing assets, semi-completed real estate projects, and property portfolios with financial problems, with the idea of improving them through additional investments.<\/p>\n
Between 2015 and 2018, the group bought 4 properties in Bucharest with a market value of around EUR 50 million and cumulative annual rental income of EUR 4.6 million.<\/p>\n
Who is buying the Hilton Garden Inn Bucharest Airport?<\/strong><\/p>\n The hotel is being acquired by the real estate group Yellow Tree, marking their entry into the hotel market.<\/p>\n Who will operate the hotel after the transaction?<\/strong><\/p>\n The Lithuanian operator Apex Alliance Hotel Management will continue to operate the hotel under a lease agreement.<\/p>\n What are the key features of the Hilton Garden Inn Bucharest Airport?<\/strong><\/p>\n Opened in August 2019, the 4-star hotel has 218 rooms and represented an initial investment of EUR 19 million.<\/p>\n","protected":false},"excerpt":{"rendered":" The 4-star Hilton Garden Inn Bucharest Airport hotel, the first hotel located in an airport in Romania, will be bought by Yellow Tree, with the real estate group thus entering the hotel market. The real estate group Yellow Tree will enter the hotel market through the acquisition of the 4-star Hilton Garden Inn Bucharest Airport…<\/p>\n","protected":false},"author":8,"featured_media":93623,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2859],"tags":[2903],"thb-sponsors":[],"class_list":["post-110153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stirea-editiei-en","tag-apex-alliance-en"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2020\/02\/topstory.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/110153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=110153"}],"version-history":[{"count":2,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/110153\/revisions"}],"predecessor-version":[{"id":126998,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/110153\/revisions\/126998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/93623"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=110153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=110153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=110153"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=110153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}