{"id":122304,"date":"2017-03-07T00:00:00","date_gmt":"2017-03-06T22:00:00","guid":{"rendered":"https:\/\/rhn.ro\/carol-parc-hotel-in-bucharest-to-reopen-after-renovation\/"},"modified":"2026-03-28T14:11:16","modified_gmt":"2026-03-28T12:11:16","slug":"carol-parc-hotel-in-bucharest-to-reopen-after-renovation","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/carol-parc-hotel-in-bucharest-to-reopen-after-renovation\/","title":{"rendered":"Carol Parc Hotel in Bucharest to Reopen After Renovation"},"content":{"rendered":"<div>The Carol Parc Hotel in Bucharest will be reopened by businessman Vasile Albulescu, who acquired it in 2015 at a public auction organized by an executor. The purchase price of 2-3 million EUR, rumored in the market, was not confirmed by the buyer.<\/div>\n<div><\/div>\n<div>Vasile Albulescu owns a company specialized in drilling and this is his first investment in the hotel market.<\/div>\n<div><\/div>\n<div>He specified that the entire infrastructure of the building and the plumbing were in ruins and had to be replaced. When he took over the hotel, it had already been closed for some time.<\/div>\n<div><\/div>\n<div>It should be noted that the businessman took over only the building, not the furniture.<\/div>\n<div><\/div>\n<div>The hotel will be operated either by the buyer or by a company specialized in hotel management.<\/div>\n<div><\/div>\n<div>The former owner, Adrian Petre, purchased the building for 1 million USD in 2003 and, after an investment of 6 million EUR, transformed it into a luxury hotel. The hotel was affiliated with Small Luxury Hotels, being the only one on the local market included in the top luxury units of the American magazine Conde Nast Traveler.<\/div>\n<div><\/div>\n<div>Adrian Petre tried to put the hotel up for sale in 2008 for 14 million EUR, and 2 years later he lowered the price to 11 million EUR, only to drop it to 7 million EUR a few years later. Subsequently, Petre&#8217;s company went into insolvency, and the hotel went into foreclosure.<\/div>\n<p>Source: <a href=\"http:\/\/www.profit.ro\" data-wplink-url-error=\"true\">Profit<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>Who is the new owner of the Carol Parc Hotel?<\/strong><\/p>\n<p>The new owner is businessman Vasile Albulescu, who acquired the building in 2015 through a public auction.<\/p>\n<p><strong>What renovations were necessary for the hotel&#8217;s reopening?<\/strong><\/p>\n<p>The entire infrastructure and plumbing systems had to be replaced as they were in a state of disrepair.<\/p>\n<p><strong>What international recognition has the hotel received in the past?<\/strong><\/p>\n<p>The hotel was affiliated with Small Luxury Hotels and was featured in the luxury rankings of the American magazine Conde Nast Traveler.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Carol Parc Hotel in Bucharest will be reopened by businessman Vasile Albulescu, who acquired it in 2015 at a public auction organized by an executor. The purchase price of 2-3 million EUR, rumored in the market, was not confirmed by the buyer. Vasile Albulescu owns a company specialized in drilling and this is his&hellip;<\/p>\n","protected":false},"author":0,"featured_media":66566,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[],"thb-sponsors":[],"class_list":["post-122304","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\/122304","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=122304"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/122304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/66566"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=122304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=122304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=122304"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=122304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}