Financial company Transilvania Investments has sold the Coroana-Postăvaru hotel in Brașov for close to €9.4 million as part of its portfolio rebalancing strategy. The sale was carried out in a public offering. 

The former Ballet Institute has been transformed into the five-star W Budapest hotel offering 151 rooms and suits in the very heart of the Hungarian capital. The new facility is part of the global portfolio of the Marriott Bonvoy brand. 

Hospitality company IHG Hotels & Resorts has marked the launch of its lifestyle brand in Romania through the singing of the Hotel Indigo Satu Mare. The new hotel will open in 2025 and will join IHG’s network in Romania which includes Intercontinental Athénée Palace Bucharest, Crowne Plaza Bucharest, and Holiday Inn Bucharest-Times. 

The first smart hotel of the chain Introvert will open this month in Sofia. The venue will be able to operate without staff. By the end of the year, two more will follow - one on Lege Street in Sofia and another in Cyprus.

A new Mercure hotel will open in Brașov at the end of 2025 following an agreement inked by Romanian investment fund Transilvania Investments and the international hospitality group Accor. 

Moxy Belgrade has arrived in Serbia’s capital city. The 131-guestroom hotel is located in the city centre, nestled in the corner of Njegoseva Street which sits within one of the oldest cultural neighbourhoods of Belgrade. The property is located just a few minutes walk from Slavija, one of the biggest and most famous city squares.

Barceló Hotel Group has opened Barceló Warsaw Powiśle, a 4-star hotel with 151 rooms and suites at the Elektrownia Powiśle complex in Warsaw.

Four Points by Sheraton Budapest Danube Hotel has opened in the Hungarian capital. The new 105-room hotel is situated on the banks of the river in the centre of the city and is managed by the Hungarian company Accent Hotels.

The Le Meridian brand will offer 102 rooms and is scheduled to be open in 2025, telex. hu reports. This will be Marriott's first Hungarian hotel outside Budapest.

The occupancy of Bucharest hotels increased by 33% in the first quarter compared with the same period of last year, and remains about 5% below the 2019 level, according to a report by Cushman & Wakefield Echinox.