Olala! acquires two hotels in Bucharest for €5 million

Business Forum

23 June, 2025 at 11:11 AM

Olala! is strengthening its strategic expansion in the Romanian market with the acquisition of two hotels located in central Bucharest – Hotel Duke Romană and Hotel Duke Armenească – in a €5 million transaction.

Olala! already has a long-standing presence in Romania through its local affiliate, Rina Hotels, which operates a number of hotels across the country.

Ittai Savran, CEO of Olala!, stated: "We strongly believe in the potential of the Romanian market and are committed to consistently investing in and improving the quality of our properties."

In addition to its hotel operations, Olala! also manages the Olala Homes brand, dedicated to short-term accommodation, with an extensive portfolio of apartments in Romania, Portugal, Spain, and Greece.

Olala! is actively evaluating further investments in major Romanian cities such as Cluj-Napoca and Brașov. Among the most promising developments is a new 5-star hotel project in Sinaia, planned on land already owned by the company.

Romania's logistics market records 64% demand surge on nine months

Romania's industrial and logistics sector recorded strong growth in the first three quarters of 2025, driven by activity in the Bucharest area. Total leasing demand reached almost 640,000 sqm between January and September, up 64% compared to the same period last year, according to Colliers data.

Real estate

From uncertainty to opportunity: What's driving Romania's new wave of residential growth?

At the SEE Property Forum 2025 in Bucharest, leading voices from Romania's residential real estate sector came together to shed light on how developers, investors, and buyers are adapting to a period of economic uncertainty, rising construction costs, and shifting consumer priorities. From the growing appeal of build-to-rent and integrated communities to the urgent need for regulatory reform, the panel offered a forward-looking view of a market that is evolving rapidly yet remains defined by strong fundamentals and an enduring demand for quality homes.

Real estate

Romania's hotel industry posts third-highest EU growth

Romania's hospitality industry recorded a 19% increase in turnover in the first half of 2025, the third largest advance in the European Union after Greece (35%) and Hungary (22%), according to Eurostat data cited by Colliers. Rising room rates have pushed local pricing into line with established CEE markets such as Poland and the Czech Republic, even though the number of overnight stays in hotels almost stagnated, with an increase of less than 4%.

Real estate

Corinthia appoints Todd Cilano as GM of Bucharest hotel

Corinthia has announced the appointment of Todd Cilano as General Manager of Corinthia Grand Hotel du Boulevard Bucharest during the property's official inauguration party. 

Real estate

Radisson Blu Bucharest achieves Breeam In-Use Excellent rating

Radisson Blu Hotel, Bucharest has earned Breeam In-Use Excellent rating for Asset Performance and Management Performance, becoming the first 5-star hotel in Bucharest to reach this level. This independent certification places the hotel among best-practice performers in Romania for building sustainability.

Real estate

Hotel transactions in Romania top €50 million in H1 2025

The Romanian hotel market has recorded deals exceeding €50 million during H1 2025, compared to €35 million recorded in the same period last year, according to a Cushman & Wakefield Echinox report.

Real estate

Hotel sector in Romania poised for growth going into 2026

Although the hotel sector accounted for only 3% of the total investment of €390 million in Romania's commercial real estate during H1 2025, market indicators point to a possible increase in investments in H2 2025 and 2026, according to CBRE Romania data.