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

  • CTP has signed a lease agreement with Fabi Total Grup. The Romanian company, which specialises in the production and storage of professional cleaning agents, has taken approximately 4,700 sqm at CTPark Bucharest South.
  • The DigestMed medical centre, specialising in gastroenterology services, has opened a clinic spanning over 675 sqm within the Bucharest-based London Office Building, part of the EVO Properties multifunctional hub, following an investment of €1.5 million.
  • Focus Estate Fund has signed a new lease agreement with HalfPrice, the off-price retailer, for approximately 2,000 sqm of modern retail space at Sosnowiec Plaza in Sosnowiec, Poland.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


Latest news

News - Romanian housing supply hits eight-year low in 2025
03
Mar
2026

Romanian housing supply hits eight-year low in 2025

by Property Forum
New housing deliveries and transaction numbers fell by approximately 5% in 2025 compared to the previous year, according to Colliers' annual report. While deliveries dropped to their lowest level since 2017, sales volumes remained around 20% above the pre-pandemic average.
Read more >
News - Atenor sells office building in Bucharest for €52 million
03
Mar
2026

Atenor sells office building in Bucharest for €52 million

by Property Forum
Belgian developer Atenor has sold its @Expo office building in Bucharest to a private real estate investment firm. The 57,666 sqm office building was delivered in 2023 and is currently 29% leased.
Read more >
News - Slovak property market sees strong recovery in 2025
03
Mar
2026

Slovak property market sees strong recovery in 2025

by Property Forum
Slovakia's property investment market experienced significant recovery in 2025, with investment volumes reaching €978 million across 29 transactions, representing an 82% year-on-year increase and the second-best year in history, according to a CBRE report.
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