The Israeli shareholders of Sinaia SA, who own the Rina Hotels group, signed the association with the Israeli real estate investor Shmuely David Hay for the operation of an aparthotel to be set up in the recently consolidated historical building, Brătianu 12 in the old center of Bucharest.
The total investment in this project will be around EUR 3 million, including the cost involved in the recently completed building consolidation. The investors’ plan is to open the aparthotel in the first quarter of 2024.
The basement, ground floor and mezzanine of the 8-story building is leased to True to Sole, the region’s largest reseller of limited edition sneakers.
The Rina Hotels group operates 3 hotels with a total of 364 rooms in Sinaia and Bucharest.
Source: Profit.ro
