ISHO, the new neighborhood of Timisoara, Romania welcomes a new Radisson Blu Hotel
02 Mar 2018
PKF hotelexperts supported the real estate developer Mulberry Development with a feasibility study and completed the operator search process for the planned Radisson Blu hotel, which will be operated under a management agreement and will feature 160 guest rooms. The planning foresees the opening of the hotel for 2020.
Elie Younes, Executive Vice President & Chief Development Officer of Carlson Rezidor Hotel Group, said: "We are pleased to continue boosting our presence in line with our Romania strategy, and this strengthens our South-Eastern Europe development in secondary cities. We appreciate the local business fundamentals and thank our respected partner from Mulberry Development for their commitment. Timisoara is a very attractive destination for us; it has significant development potential, and there are major investments with attractive new concepts."
In addition to the hotel, the Take Project mixed-use development will include residential units, office space, parking as well as a wellness, an entertainment and a retail component. The hotel will comprise a restaurant, a bar, meeting space (including a ballroom), and a fitness center.
Ovidiu Sandor, Managing Director of Mulberry Development adds: “The rise of a new business hub around the concept, promoted by ISHO, represents a good opportunity for significant new investments in the city. I am confident that we will manage to build a distinguished hotel together that will very soon become a reference for our region and will have a role in the development of the city – including the amenities offered, both as accommodation units and the new conference center that is so needed in Timisoara.”
The hotel will be located within walking distance of the old town of Timisoara, which retains much of the ornate 19th Century architecture from when the city was a key part of the Hapsburg Empire.
If you would like to learn more about this development, please contact:
tel +43 1 5120707110
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