Romanian hotel manager Amstar Management has sold two projects in Bucharest for an undisclosed amount.
The transaction covers two hotels in central Bucharest under the Duke brand.
Law firm Filip & Company has worked on the deal.
”Competition for prime central locations is intensifying, with investors increasingly focused on the repositioning potential of properties," says Competition for prime central locations is intensifying, with investors increasingly focused on the repositioning potential of properties," says Ioana Roman, Partner and Head of Real Estate at Filip & Company.
Amstar Management recorded a turnover of RON 10.7 million (around €2 million) in 2023.
