Niro Investment Group has officially opened its luxury boutique hotel Corinthia Grand Hotel du Boulevard Bucharest, following a franchise agreement with the Corinthia hotel chain.
THR, the public company controlled by Transilvania Investments Alliance, has sold the Balada Hotel, in Saturn resort, to a Romanian buyer for €6.1 million.
Romania is preparing for a wave of new hotel openings in 2025-2026, solidifying its position as an attractive tourist destination in CEE, according to a report by Colliers.
Investment in the hotel sector is experiencing a significant upswing, with Romania witnessing a 56% increase in 2024 versus 2023, reaching €69.3 million. This trend aligns with a broader European surge, where hotel investments reached €20.5 billion, marking a 70% rise and establishing hotels as the leading asset class.
Tresor Le Palais in Timișoara has joined the Curio Collection by Hilton brand, marking the first transformation of this kind on the local market.
Hyatt Hotels Corporation has announced plans to expand in the Balkans region, with five Hyatt Regency hotels and resorts expected to open by 2027.
Evo Properties, the owner of London & Oslo office buildings in Western Bucharest, has reached a 50% lease rate this year and aims to reach an occupancy rate of 85% by the end of 2025. At the same time, it continues to transform the project into a mixed-use hub that will include a premium hotel.
Radisson Blu Hotel Bucharest has renovated its meeting and events facilities following an investment of €1.6 million.
This efficient workflow ensures a quick and precise response to customer requests, contributing to an enhanced guest experience.
Romania's hotel market has recorded transactions with an average value under €5 million over the past 18 months, according to a Crosspoint Real Estate report.
Bucharest's hotel market is set to expand by around 2,400 rooms by 2026, outpacing the estimated growth from other CEE-based capital cities, according to a Cushman & Wakefield report.
Bucharest's short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report.
Renowned for its historic charm, the Venus tourist destination has been revitalised with modern amenities and scenic beauty.
Alina Vladulescu and Catalina Toma are partnering and launching WIN Advisors, a regional hub for hotel consulting and management.
The number of Romanian tourists staying in the country's hotels reached almost 7 million in 2023.
Accor group expands its portfolio in Romania with the signing of a new franchise agreement with Paradis Hotels & Resorts for the conversion of the Dana Holiday Club.
OMV Petrom and state-owned gas producer Romgaz have announced the initiation of drilling for the first gas production well in the Neptun Deep project.
While there's significant interest in battery storage systems among Romanian prosumers, cost remains a major obstacle.
Price caps on electricity and natural gas will remain in place under the same conditions as at present, from the start of April to the end of June 2025 for electricity.
The US government is currently reviewing Romania's recent inclusion in the Visa Waiver Program (VWP) to ensure it meets the program's strict security requirements.
Symmetrica, a local manufacturer of vibrated pressed paving stones and kerbstones, is preparing to complete its new factory in Bolintin Vale.