Orbis Group bought Mercure Bucharest Unirii Hotel for EUR 11.35 million

Aurel Dragan 03/07/2018 | 13:02

Orbis Hotel Group, the largest network of hotels in Poland and Eastern Europe, signed an agreement for buying Mercure Bucharest Unirii hotel for EUR 11.35 million. The acquisition is in accordance with Orbis business strategy, consisting in allocating capital to the most promisiong markets.

“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,” says 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 Orbis Hotel Group is the largest network of hotels in Poland and in Eastern Europe. Orbis comprises 127 hotels and is the sole licensor of all AccorHotels brands in 16 countries including Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia and Slovenia. It offers a total of almost 19,000 rooms. The hotels operate under the brand names Sofitel, Pullman, MGallery, Novotel, Mercure, ibis, ibis Styles and ibis budget. These brands, recognized throughout the world, provide a quality of service to various standards, ranging from luxury 5-star to budget 1-star hotels.