After Barcelona and Valencia, both opened 2011, Chopard expanded in Spain with its third ...
read more
American hotel chain, Thompson Hotels, known for its contemporary luxury hotels in the US, ...
read more
Despite the negative impact of a strong Franc, Swiss watch exports reached a record 16 billion ...
read more
Talking to The Economic Times, Mr PRS Oberoi confirmed his company tapped renowned American ...
read more
World's leading luxury group, LVMH announced record results for 2011, with salea reaching ...
read more
Italian luxury house of Loro Piana, known for its iconic cashmere ready to wear and accessories ...
read more
Luxury hotels for sale - Bucharest, Romania
News 22 June 2009
Grand Hotel du Boulevard, owned by Romanian businessman Nicolae Dumitru (best known for ownership of Dragonul Rosu shoping complex) is a historical downtown hotel which has been under renovation for more than 4 years. The initial opening estimate was early 2009, yet due to the highly exposed residential real estate businesses of the group is currently uncertain for a completion date. Market sources indicated the hotel is for sale for an estimated EUR 40 million. The property seems to be half way through its renovation process and a minimum one year is needed for completion.
Another centrally located hotel, LIDO Hotel has been successfully reclaimed by its former owners, following an 8 year law suit. The new owners have priced the property at a staggering EUR 80 million, according to sources at major real estate agencies. The hotel is currently closed and renovation works are set to start once a buyer is found.
A third property with a luxury potential is the Cismigiu Hotel, currently owned by Spanish real estate developers HERCESA, which is looking for a partner or tenant for the entire building. The annouced plans are for an apart-hotel, yet we believe an upscale luxury hotel could be developed on the premises.
Another centrally located hotel, LIDO Hotel has been successfully reclaimed by its former owners, following an 8 year law suit. The new owners have priced the property at a staggering EUR 80 million, according to sources at major real estate agencies. The hotel is currently closed and renovation works are set to start once a buyer is found.
A third property with a luxury potential is the Cismigiu Hotel, currently owned by Spanish real estate developers HERCESA, which is looking for a partner or tenant for the entire building. The annouced plans are for an apart-hotel, yet we believe an upscale luxury hotel could be developed on the premises.