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

  • MLP Group has bolstered the tenant mix at MLP Poznań West by welcoming Stockly, a 3D printing specialist. The company has leased 2,400 sqm of warehouse and office space, with operations already underway via early access. A full handover is expected in December 2026. Stockly was represented by Rock Estate during the transaction.
  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.

New appointments

  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.


Latest news

News - Echo Investment sells final Brain Park building in Kraków to Polish player
14
May
2026

Echo Investment sells final Brain Park building in Kraków to Polish player

by Property Forum
Echo Investment has signed an agreement for the sale of the Brain Park B building in Kraków to Polish Sando Office for approximately €40.3 million.
Read more >
News - Slovakia's logistics market sees strong growth in Q1 2026
14
May
2026

Slovakia's logistics market sees strong growth in Q1 2026

by Property Forum
Slovakia's industrial and logistics market saw total leasing of around 136,000 sqm in Q1 2026, representing a 47% year-on-year increase. Net leasing activity also grew, reaching approximately 59,000 sqm, a 35% year-on-year rise, according to an analysis by CBRE Slovakia.
Read more >
News - Stokado opens second self-storage facility in Kraków
14
May
2026

Stokado opens second self-storage facility in Kraków

by Property Forum
Stokado, the second largest operator on the Polish self-storage market, owned by Redefine Properties, Griffin Capital Partners and the founders, has opened a new self-storage facility in Kraków.
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