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ROMANIA Zeus buys three Bucharest hotels from Ares

Hotels
Greek hotel management company Zeus International has bought a portfolio of three hotels in Bucharest in a cross-border share deal from Cyprus-based Alpha Real Estate Services (ARES) for an undisclosed sum.

The three hotels, all of which were built in the interwar years, are the Venezia, Opera and Central, each of which is located close Bucharest’s historic city centre. The four-star Venezia and has 50 guest rooms, while Central is also four-star and has 62 rooms, and the three-star Opera has 31 rooms. The Venezia and Central are temporarily closed, but Zeus (which already manages the properties) is planning to extensively renovate all three hotels.

We are very proud for this acquisition that accelerates Zeus International strategic goal on portfolio growth and diversity. We aim to further strengthen our presence in the field of hotel management and consulting services in major European cities, focusing on the prospects of increasing profitability and long-term value.
Haris Siganos, the president and CEO of Zeus International

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schedule 08 August 2022
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schedule 05 August 2022
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schedule 04 August 2022
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schedule 04 August 2022
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schedule 04 August 2022
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schedule 03 August 2022
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