{"id":110626,"date":"2025-07-17T13:19:23","date_gmt":"2025-07-17T10:19:23","guid":{"rendered":"https:\/\/rhn.ro\/corinthia-grand-hotel-du-boulevard-bucharest-gets-another-financing-from-cec-bank\/"},"modified":"2025-07-17T13:19:23","modified_gmt":"2025-07-17T10:19:23","slug":"corinthia-grand-hotel-du-boulevard-bucharest-gets-another-financing-from-cec-bank","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/corinthia-grand-hotel-du-boulevard-bucharest-gets-another-financing-from-cec-bank\/","title":{"rendered":"Corinthia Grand Hotel du Boulevard Bucharest gets another financing from CEC Bank"},"content":{"rendered":"<p>Niro Investment, the owner of Grand Hotel du Boulevard, has contracted a credit facility worth 21.75 million lei from CEC Bank to finance the ongoing operations of the hotel, which reopened in March this year under the luxury Corinthia brand. The loan, with a maturity of 5 years, is secured by the hotel&#8217;s landmark building and land, an emblematic asset of the capital. <\/p>\n<p>This working capital financing complements an existing partnership between the two entities. Previously, CEC Bank provided Niro Investment with a 12-year investment loan of \u20ac12.9 million to cover the extensive renovation, modernization and commissioning costs of the 5-star hotel. <\/p>\n<p>Securing the new credit line demonstrates the bank&#8217;s confidence in the operational viability of the project after its recent reopening and strengthens a long-term financial partnership.<\/p>\n<p><b>Investment context:<\/b><\/p>\n<ul>\n<li><b>Owner:<\/b> Niro Investment, one of the largest business groups in Romania, specialized in real estate investments and mainly controlled by Ilie Robert Nicolae Dumitru (45%) and Lauren\u021biu Marian Dumitru (45%).<\/li>\n<li><b>Operator:<\/b> The hotel is affiliated to the international luxury chain Corinthia, known for properties in cities such as London, Prague and St. Petersburg, which gives it a high standard of operation and prestige.<\/li>\n<li>Grand Hotel du Boulevard is one of the oldest hotels in Bucharest, built since 1867 according to the plans of architect Alexandru Or\u0103scu<b>.<\/b> Its exceptional historical and cultural value makes it a first-rate guarantee. <\/li>\n<\/ul>\n<p>With this new loan, CEC Bank provides the necessary working capital to consolidate the post-inauguration operations, thus supporting the stability of one of the most important players on the luxury hotel market in Bucharest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Niro Investment, the owner of Grand Hotel du Boulevard, has contracted a credit facility worth 21.75 million lei from CEC Bank to finance the ongoing operations of the hotel, which reopened in March this year under the luxury Corinthia brand. The loan, with a maturity of 5 years, is secured by the hotel&#8217;s landmark building&hellip;<\/p>\n","protected":false},"author":1,"featured_media":109532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[],"thb-sponsors":[],"class_list":["post-110626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotels-restaurants"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/110626","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=110626"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/110626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/109532"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=110626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=110626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=110626"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=110626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}