Real estate | 21 May, 2025 at 11:36 AM
Radisson Hotel Group plans large expansion in Romania
Radisson Hotel Group has announced a raft of new developments in Romania, as it sees the country as a pivotal market for growth.
Radisson Hotel Group has announced a raft of new developments in Romania, as it sees the country as a pivotal market for growth.
Marriott International plans to expand its presence in Romania by adding five new properties and over 550 rooms by the end of 2028.
Romanian hotel manager Amstar Management has sold two projects in Bucharest for an undisclosed amount.
Bucharest's hotel market is experiencing a strong recovery, with significant growth in key performance indicators, according to Cushman & Wakefield Echinox.
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.
The study reveals that 83% of Romanians have a plan for their upcoming vacation season. Only 6% do not intend to go on holiday, while 12% have yet to finalize their arrangements.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
The German tech company cbs purchased the SAP division of Romanian company SkyConsult, marking its entry into the local market.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.