In accordance with its business strategy - consisting in allocating capital to the most promising markets, which will underpin sustainable results in the future, Orbis has signed a purchase agreement for the plot, building and the business related operations in Mercure Bucharest Unirii for €11.35 million.
“Mercure Bucharest Unirii is a midscale, ideally located hotel – few steps from the old town and its iconic addresses and in the business area of the vibrant capital of Romania. As announced earlier, Romania is an attractive market with strong potential and this investment is offering long-term value and attractive investment yield,” explains Gilles Clavie, President of the Management Board & CEO of Orbis S.A.
Orbis has been managing this hotel since late 2017 and will continue the refurbishment in order to complete the modernization plan.
The hotel offers almost 100 rooms for both business and leisure guests, a bar & restaurant and can welcome midscale MICE events.
