Niro Group opens first Corinthia hotel in Romania

24
Mar
2025
News - Niro Group opens first Corinthia hotel in Romania #Bucharest #hotel #Jean Pierre Mifsud #Niro Investment Group #Romania #Simon Casson

by Property Forum | Hotel

Niro Investment Group has officially opened its luxury boutique hotel Corinthia Grand Hotel du Boulevard Bucharest, following a franchise agreement with the Corinthia hotel chain.


Situated at the intersection of Calea Victoriei and Elisabeta Boulevard, the hotel blends Belle Époque design with modern amenities, unde an upgraded concept by GA Design.

Originally inaugurated in 1873 and recognized as the capital's most prestigious hotel, it was the first in Bucharest equipped with electric lighting and an elevator.

Throughout its history, it has hosted important royal and cultural figures, becoming an integral part of Romania's history.

"We aim to offer every guest a memorable experience that combines tradition with modernity, in one of the most beautiful cities in Europe," said Simon Casson, CEO of Corinthia Hotels.

The project features 30 luxurious suites, each decorated with specially designed furniture and artworks, complemented by two restaurants, a bar and spa facilities.

"We are extremely proud to welcome guests to the Corinthia Grand Hotel du Boulevard Bucharest. This is not just a simple hotel, but a place that reflects the timeless elegance and dynamic energy of the city," added Jean Pierre Mifsud, General Manager of the hotel.

Niro Investment Group owns a diversified portfolio across multiple economic sectors, including retail, real estate, hospitality, insurance, industry, construction, and medical services.




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New leases

  • 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.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • 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.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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