Loyal Paladin, a hotel operating company with 100 percent Romanian capital, expands its portfolio and takes over the VOGH Hotel Olimp, a project located on the south coast and completed in November.
The project is due to be launched on the market in 2023, and Loyal Paladin estimates that it will generate revenues of more than EUR 2.1 million, at an average annual occupancy of 42 percent and a seasonal average of 70 percent.
The VOGH Hotel Olimp complex has 173 apartments distributed over 12 floors, but also exclusive facilities such as the infinity pool overlooking the sea from the 11th floor, unique on the Romanian coast.
