by Property Forum | Hotel

Romania’s largest hotel chain, Continental Hotels and French hotel group Accor have decided to terminate the management agreement signed 20 years ago for four hotels. According to the mutual agreement, starting with July 1, 2020, four hotels owned by Continental Hotels (Ibis Gara de Nord, Ibis Parlament, Ibis Constanta and Ibis Sibiu) will no longer operate under the Ibis brand, profit.ro reports.


"Starting July 1, the Ibis hotels will be closed for about 4-6 months to carry out renovation and refurbishment works. Following this process, the four hotels will be rebranded as follows: the Continental Forum Bucharest and Continental Forum Constanta hotels will operate under a four-star standard, and MyContinental Bucharest and MyContinental Sibiu will represent the new three-star brand. At the same time, our expansion plans include three more 4-star Forum hotels in Brasov, Iasi and Cluj-Napoca, and a 2-star Hello Hotel in Iasi," commented Radu Enache, CEO and President of Continental Hotels.