News Article Accor Bucharest development hotel Romania
by Property Forum | Hotel

Accor has signed a management agreement with Alexandra Residence Design to open 144-room ibis hotel by the end of 2022. The newly signed hotel will be located near the future Terminal 2 of Henri Coandă International Airport in Bucharest. Est Hospitality Consulting is the consultant of the project until its official opening while Cumulus Architecture is responsible for the design.

The future ibis will be part of a mixed-use complex together with a large health and SPA facility and a multi-functional events centre of almost 1,000 sqm, able to host diverse events from social to corporate, from sports to concerts and other entertainment events. The two facilities will connect with the hotel via a bridge.

“Accor is concentrating to build-up a network of 45-50 hotels in Romania in upcoming years. We actively look for opportunities on the market to assist and provide the owners or potential investors with full benefits of our support, tools, distribution network and know-how. Therefore, we look forward to the partnership with Alexandra Residence Design, as an important step in our mutual growth on the Romanian market and opportunity to contribute full assets of our strong brand portfolio. Furthermore, despite the current situation, we believe that the market will bounce back stronger than ever as the hospitality industry had proven resilience over history and will show again the same restiveness. 2020 is the best year for opportunities and the partnership with Alexandra Residence Design is a live proof of this,” says Frank Reul, Head of Development Accor Eastern Europe.