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ROMANIA Ramada Bucharest Majestic in Swiss hands

Hotels
Swiss company VisionApartments has bought the former Ramada Bucharest Majestic Hotel.

The 111-room hotel Ramada Bucharest Majestic, which was built in 1920, is currently under renovation, but upon its scheduled reopening in the autumn it will offer 450 sqm of event space and six meeting rooms for up to 300 people, a gym, a spa area with a pool and Jacuzzi, as well as a bar and two restaurants.

The founder and owner of VisionApartments is Anja Graf. The company, which specialises in serviced apartments, bought a 15.6 ha site near Bucharest in 2019 for the development of a multifunctional residential complex.

Ernst & Young Romania and law firm Radu si Asociatii Romania advised VisionApartments for this transaction, while Tuca Zbarcea & Asociatii advised the previous owners.

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