Thursday, July 2, 2020
Home News General Apex of Lithuania opens Hilton hotel at Bucharest airport

Apex of Lithuania opens Hilton hotel at Bucharest airport

Lithuanian company Apex Alliance Hotel Management has opened its first hotel in Romania located at the Henri Coanda International Airport.

The Hilton Garden Inn Bucharest Airport required an investment of €19 million. The hotel has 218 rooms and is addressed mainly to the business segment, airline personnel, and passengers with canceled or delayed flights.

The company’s management estimates an average occupancy rate of 70 percent.

Apex Alliance, one of the most active hotel developers in Bucharest in the last two years, has put up for sale this spring the Hilton Garden Inn hotel in the Old Town. According to calculations of Ziarul Financiar daily, the 210-room hotel could sell for around €40 million.

Most Popular

HAGAG Development Europe to restore Știrbey Palace in Bucharest

Real estate developer HAGAG Development Europe received the urban planning certificate in to order to move forward with the building permit that...

EBRD and UNWTO boost tourism recovery

The rapid spread of coronavirus has had a massive impact on many sectors of the global economy, with tourism being among the hardest hit....

PZU Group leases 47,000 sqm in Generation Park Y

Heralded as the largest lease agreement ever on the Polish office market and the history of the Skanska Group globally, PZU Group...

Rupert Wood named as Executive Advisor of FitForCommerce Malls & Meeting Places

FitForCommerce, a specialized omnichannel and digital consultancy, announced the appointment of Rupert Wood to the FitForCommerce Malls & Meeting Places practice as...