The Greek hotel group Zeus International has purchased the Opera, Venezia, and Central hotels in the capital, planning to invest in the extensive renovation of the buildings and intending to transform them into the most important boutique hotels in Romania.
The Zeus Group has been managing the three hotels since September 2015, which were owned by Alpha Real Estate, part of the Greek financial group Alpha Bank. During this time, Zeus increased operating profits eightfold, and has now acquired them, expanding its portfolio.
Zeus also operates in Greece, with the Grand Wyndham hotels in Karaiskaki Square (Athens), Wyndham Loutraki Poseidon Resort Ramada (Loutraki), and K29 (Athens), and is also present in Cyprus, Italy, and Bulgaria.
In the spring of 2018, Wyndham Hotels and Resorts decided to expand its presence in Romania after signing a strategic alliance with Zeus.
In present, Zeus operates over 3,500 rooms in 22 hotels.
Frequently Asked Questions
Which hotels did Zeus International acquire in Bucharest?
Zeus International acquired the Opera, Venezia, and Central hotels located in the Romanian capital.
What are the plans for these newly acquired hotels?
The group plans to invest in extensive renovations to transform them into Romania’s leading boutique hotels.
How long has Zeus International been managing these properties?
Zeus International has been managing the three hotels since September 2015, previously owned by Alpha Real Estate.