VisionApartments buys former Ramada Bucharest Majestic Hotel

Aurel Constantin 11/03/2021 | 14:23

VisionApartments has signed the purchase agreement of the former Ramada Bucharest Majestic Hotel today. The property, located on Calea Victoriei, in an emblematic tourist area of Bucharest, features 111 rooms on five floors and offers a vast variety of additional facilities.

Anja Graf, CEO, and Chairwoman of VisionApartments is thrilled to announce the successful acquisition of the former Ramada Bucharest Majestic Hotel: “With the guidance of Ernst & Young Romania and Radu si Asociatii Romania, VisionApartments was able to complete this impactful business transaction in Bucharest. We are extremely excited about our purchase. This step represents a crucial milestone in VisionApartments’ history and our expansion plans.” The former owners represented by Tuca Zbarcea & Asociatii and Special Properties, which was the exclusive broker of the seller, are very delighted to pass the historical property to the next generation.

The historic hotel features 111 rooms and 450 sqm event space, consisting of 6 meeting rooms that can accommodate up to 300 guests. A gym, a spa area with a heated pool, a jacuzzi as well as a bar, a restaurant, and a business center are part of the unique property. The hotel was built in 1920 and is located in the heart of Bucharest on Calea Victoriei, representing an ideal accommodation for corporate travelers and tourists alike, offering immediate access to shops, restaurants, businesses, and much more. Major attractions nearby include the National Museum of Art, the National Museum of Romanian History, the Romanian Athenaeum, and The National Theatre of Bucharest.

VisionApartments specializes in renting out stylish and furnished serviced apartments all around the world. Established in Switzerland in 1999, the company quickly grew from a start-up to Switzerland’s market leader with a global presence. Today, VISIONAPARTMENTS offers tailored temporary living solutions in over 850 business locations worldwide.

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