News Article Bucharest development extension hotel Romania Sheraton
by Property Forum | Hotel

Grand Plaza Hotel, the company that owns the Sheraton Bucharest Hotel in the centre of the Romanian capital, plans to add around 100 rooms to the 270 existing ones by building a new section, reports. The cost of the project is estimated at €5 million.

Grand Plaza Hotel plans to launch the construction works next year, after receiving all the necessary permits. 

Romanian investor Radu Dimofte indirectly controls Grand Plaza Hotel through Cypriot offshores Tatika Investments and Tresela Investments.