News Article Emanuel Poștoacă hotel Mamaia Nordis Group residential Romania
by Property Forum | Residential

Romanian Nordis Group has kicked off the development of the second phase of Mamaia 5***** project with hotel and residential components.  

In the first phase of the complex located on the seaside, the company delivered 712 hotel rooms and 620 apartments. Among the facilities there is a SPA centre with a leasable area of 3,200 sqm. 

In the second development stage, Nordis Group will add 1,160 apartments, 12 restaurants and cafes, as well as beaches covering 26,000 sqm. 

“Our clients have invested trust in us, and we are glad that we can put Romanian on the map of premium destinations,” said Emanuel Poștoacă, Nordis Group’s Founder. 

The developer said it has already sold 38% of units in the second phase, while for the first one the result stands at 98%. 

Nordis is looking to replicate the development model from Mamaia in mountain resorts of Sinaia and Brașov. For these projects, the group promotes an investment model that provides a guaranteed yield of 7% for each hotel room.