News Article hotel Mircea Cotiga Poiana Brașov Rock Development Romania
by Property Forum | Hotel

Romanian company Rock Development Holding has obtained the construction permit for its first five-star hotel in Poaiana Brașov which will attract an investment of €70 million.

The new luxury project will comprise a hotel with 120 rooms and a branded residence component, with 75 units.

The company is currently in an analysis process that will lead to the selection of the international luxury operator.

Mircea Cotigă, CEO of Rock Development Holding, suggested that Poiana Brașov will  compete with other European mountain resorts that include five-star hotel projects following the completion of this investment.

Rock Development Holding’s portfolio includes two residential projects in Bucharest with a combined investment of around €53 million.