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 .

 

 




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • 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.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • 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.

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