{"id":122844,"date":"2016-09-09T00:00:00","date_gmt":"2016-09-08T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/cristescu-brothers-to-invest-e5m-in-a-conference-center-in-timisoara\/"},"modified":"2026-03-28T16:09:09","modified_gmt":"2026-03-28T14:09:09","slug":"cristescu-brothers-to-invest-e5m-in-a-conference-center-in-timisoara","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/cristescu-brothers-to-invest-e5m-in-a-conference-center-in-timisoara\/","title":{"rendered":"Cristescu Brothers to Invest \u20ac5M in a Conference Center in Timisoara"},"content":{"rendered":"<div>Businessman Marius Cristescu stated that next year he will start the construction of a conference center in Timisoara, an investment of over \u20ac5 million.<\/div>\n<div><\/div>\n<div>Brothers Marius and Emil Cristescu control the 209-room Timisoara Hotel, a hotel in Sannicolau Mare with a capacity of 45 rooms, and the two-star Nord hostel in Timisoara with 39 rooms.<\/div>\n<div><\/div>\n<div>They have invested over \u20ac10 million in upgrading the Timisoara Hotel from 4 to 5 stars.<\/div>\n<div><\/div>\n<div>\u201cHotel business has grown by 30% to date. More than half of the clients who stayed in our hotels are foreign tourists coming from all corners of the world,\u201d stated Marius Cristescu.<\/div>\n<div><\/div>\n<div>Last year, the company Bega Turism recorded a turnover of 31.8 million RON, compared to 28.8 million RON in 2014.<\/div>\n<div><\/div>\n<div>Cristescu also specified that he will continue the development of the center in Orastie and estimates that next year the park will have 100,000 clients.<\/div>\n<p>Source: <a href=\"http:\/\/www.zf.ro\" data-wplink-url-error=\"true\">Ziarul Financiar<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>What is the new investment planned by the Cristescu brothers?<\/strong><\/p>\n<p>The Cristescu brothers plan to invest over \u20ac5 million in a new conference center in Timisoara, with construction scheduled to begin next year.<\/p>\n<p><strong>Which hotels are part of the Cristescu brothers&#8217; portfolio?<\/strong><\/p>\n<p>They control the 5-star Hotel Timisoara, a 45-room hotel in Sannicolau Mare, and the 2-star Nord hostel in Timisoara.<\/p>\n<p><strong>How has the hotel business performed recently?<\/strong><\/p>\n<p>The business has seen a 30% growth, with more than half of the guests being foreign tourists, contributing to a turnover of 31.8 million RON for Bega Turism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Businessman Marius Cristescu stated that next year he will start the construction of a conference center in Timisoara, an investment of over \u20ac5 million. Brothers Marius and Emil Cristescu control the 209-room Timisoara Hotel, a hotel in Sannicolau Mare with a capacity of 45 rooms, and the two-star Nord hostel in Timisoara with 39 rooms.&hellip;<\/p>\n","protected":false},"author":0,"featured_media":66275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2859],"tags":[],"thb-sponsors":[],"class_list":["post-122844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stirea-editiei-en"],"article_style_override":"","post-style":"","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\/122844","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=122844"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/122844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/66275"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=122844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=122844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=122844"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=122844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}