Athenee Palace Hilton Bucharest undergoes €25 million renovation

08
Mar
2021
News - Athenee Palace Hilton Bucharest undergoes €25 million renovation #atheness palace hilton #hotel #renovation #Romania

by Property Forum | Hotel

ANA Hotels, a company owned by businessman George Copos, announced an investment of €25 million in the Athenee Palace Hilton hotel in Bucharest.


ANA Hotels started this year the fourth major renovation of the monumental building. The "Athenee Palace" hotel has been, for over a century, the essence of Bucharest's elegance and the host of important historical moments.

"The previous renovation works took place after wars and major confrontations. The current situation is even more challenging, because the war with the pandemic determined the first closure in the history of the hotel, during the state of emergency in 2020 ", added says George Copos, the owner of ANA Hotels. The investment in the renovation of the hotel comes from its own sources, but also from a loan that the company contracted from BRD - Groupe Société Générale.

The hotel modernization project is carried out in two stages: the first has already started and includes the renovation of the 132 rooms of the "New Wing", built in 1965, and the second aims to rehabilitate the hotel facade and rooms in the "Old Wing”, being built in 1914. Throughout this period, the hotel remains open offering accommodation services in the wing that is not being rehabilitated and in the public spaces on the ground floor, restaurants, terraces, and event rooms, which are accessible to customers, they are previously renovated previously.

The works of the first stage will be completed at the end of May 2021, and the second stage of renovation will start after the end of the "George Enescu" Festival.

Athenee Palace Hilton Hotel is an integral part of the largest Romanian private hotel group, "ANA Hotels". The company also owns and operates the "Crowne Plaza" Bucharest hotels, three hotel units in Poiana Brașov - "Sport", "Bradul" and "Poiana", and the "Europa" Hotel, with the "ANA Aslan Health Spa" SPA center in Eforie Nord .

 

 




Latest news


New leases

  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.
  • International flexible office operator SwitchUp has launched its expansion into the Polish market, securing a lease agreement for 2,100 sqm of space at the AFI Office House in Warsaw. The transaction represents the company’s debut contract in Poland, positioning the operator within the first office building of the city’s upcoming Towarowa22 regeneration development. Savills acted as the deal broker.

New appointments

  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


Latest news

News - Senior living in Poland: The most undervalued living sector in CEE
29
Jun
2026

Senior living in Poland: The most undervalued living sector in CEE

by Property Forum
At Future of Real Estate 2026 in Warsaw, one observation kept resurfacing across the panel discussion on senior living: Polish senior living today sits where Polish PRS sat in 2017. The demographic case is undeniable. The capital case is compelling. And the structural answer — operators, regulation, tax — is where the real value will be created. For institutional investors looking at CEE, the question is no longer whether to enter the Polish senior living market. It is when, and through which structure, writes Piotr Zając, Managing Partner at Accace Poland, in an opinion piece for Property Forum.
Read more >
News - Polish warehouse market rebounds with leasing up 46% in Q1
26
Jun
2026

Polish warehouse market rebounds with leasing up 46% in Q1

by Property Forum
Q1 2026 brought a rebound to the Polish industrial and logistics space market. Increased tenant activity, a predominance of new agreements and a declining vacancy rate point to the sector's condition, according to a BNP Paribas Real Estate Poland report.
Read more >
News - Indotek Group takes full ownership of Auchan Hungary
26
Jun
2026

Indotek Group takes full ownership of Auchan Hungary

by Property Forum
Indotek Group has announced that it acquired the remaining 53% stake in Auchan Magyarország Kft. from Auchan Retail International (ARI), becoming the sole owner of the company that operates the retail chain and holds its properties.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy