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Atenor to build in Bucharest


Accor to manage tallest hotel in Bucharest

01 April 2019

Accor to manage tallest hotel in Bucharest
The hotel is being developed in an investment of EUR 60 mln

ROMANIA Business Hotels Investment, which is part of the Niro Investment Group, has started the construction of Swissôtel Bucharest, which is to be the city’s tallest hotel on Expozitiei Boulevard.

The 225-room hotel, which is to be managed by Accor, is scheduled to open by the end of 2021. The 18-storey building will include restaurants, a pool, a spa and a meeting and function area. The hotel is being developed in an investment of EUR 60 mln.

“For twenty-five years our company, as a real estate developer and investor, has been launching important business projects, often of a pioneering nature. We are excited to break ground on this major project that will bring more amenities, jobs, out-of-town visitors and business guests to Bucharest. This is an exciting period in Niro Investment Group’s development, and we are honoured to be partners with an important luxury brand like Swissôtel,” said Nicolae Dumitru, the chairman of Niro Investment Group.

“Romania is a quickly developing and very attractive market with huge potential and very good yields. There is strong domestic demand for hospitality services from affluent Romanians, not to mention international visitors. We feel honoured that Niro Investment Group has chosen Swissôtel and Accor for the management of this ambitious hotel project. We’re sure that Swissôtel Bucharest will bring new standards to the Romanian hotel industry,” said Frank Reul, head of development at Accor for Eastern Europe.

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