{"id":121818,"date":"2017-07-20T00:00:00","date_gmt":"2017-07-19T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/rumor-denied-regarding-possible-takeover-negotiations-between-orbis-and-continental-hotels\/"},"modified":"2026-03-28T12:57:50","modified_gmt":"2026-03-28T10:57:50","slug":"rumor-denied-regarding-possible-takeover-negotiations-between-orbis-and-continental-hotels","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/rumor-denied-regarding-possible-takeover-negotiations-between-orbis-and-continental-hotels\/","title":{"rendered":"Rumor Denied Regarding Possible Takeover Negotiations Between Orbis and Continental Hotels"},"content":{"rendered":"<div>The Orbis hotel group is interested in acquiring the Romanian hotel chain Continental, owned by businessman Radu Enache and the Spanish investment fund GED.<\/div>\n<div><\/div>\n<div>Continental Hotels, which owns 13 accommodation units in several cities across the country, is valued at over EUR 100 million.<\/div>\n<div><\/div>\n<div><\/div>\n<div>The Polish group Orbis issued the following clarifications on July 25, 2017:<\/div>\n<div>&nbsp;<\/div>\n<div>&#8220;Regarding the information published in the media about a certain interest of Orbis in acquiring the Continental Hotels group, the company emphasizes that there is no ongoing negotiation process and no business decision has been made.<\/div>\n<div>Even though the Romanian market remains among our main priorities in the coming years, it is premature to announce any intention to buy any specific hotel or hotel group.<\/div>\n<div>Therefore, the publication of information regarding the takeover of the Continental Hotels group or the start of any negotiations is unjustified.&#8221;<\/div>\n<div><\/div>\n<div>In May of this year, Orbis opened a hotel under the Mercure brand in Sighi\u0219oara, the first outside Bucharest. It also started construction work on the first ibis Styles hotel in Romania, in Arad.<\/div>\n<div><\/div>\n<div>The Continental chain has 13 hotels in Romania, 4 of which are under the Ibis brand, and the others, 2 to 5-star units, are under the Continental logo in several cities (with the brands Grand Hotel Continental, Continental Forum, and Hello).<\/div>\n<p>Source: <a href=\"http:\/\/www.fivestar-hospitality.ro\/\" data-wplink-url-error=\"true\">Fivestar Hospitality<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>Did Orbis Group acquire Continental Hotels?<\/strong><\/p>\n<p>No, Orbis Group officially denied rumors of any ongoing negotiations or business decisions regarding the acquisition of Continental Hotels.<\/p>\n<p><strong>What is the market value of Continental Hotels?<\/strong><\/p>\n<p>Continental Hotels, which operates 13 units in Romania, is valued at more than 100 million EUR.<\/p>\n<p><strong>What brands does the Continental chain operate?<\/strong><\/p>\n<p>The chain includes Grand Hotel Continental, Continental Forum, and Hello Hotels, along with four units under the Ibis brand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Orbis hotel group is interested in acquiring the Romanian hotel chain Continental, owned by businessman Radu Enache and the Spanish investment fund GED. Continental Hotels, which owns 13 accommodation units in several cities across the country, is valued at over EUR 100 million. The Polish group Orbis issued the following clarifications on July 25,&hellip;<\/p>\n","protected":false},"author":0,"featured_media":66801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[],"thb-sponsors":[],"class_list":["post-121818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotels-restaurants"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/hotelieri-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/121818","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"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=121818"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/121818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/66801"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=121818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=121818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=121818"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=121818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}