White Mountain Property is pleased to offer a for sale, one of the top 25 hotels in Bucharest. Prior to Covid restrictions, the hotel had an 8% yield and 80% occupancy in its pre-renovated condition in 2019.
With the renovations underway in 2020, due for completion before May 2021, the hotel will have 101 bedrooms, including junior and executive suites, and additionally, a cocktail bar, Lebanese restaurant, signature boutique Chocolate Cafe, a Steakhouse/ Bucher shop, several conference rooms. The predicted annual yield will be circa 9.5-10% yield. The Hotel's location is in the downtown heart of the City, close to Unirii Boulevard and Piata Alba Iulia.https://www.promotor.ro/stiri-auto/cum-va-arata-bulevardul-unirii-intre-piata-alba-iulia-si-piata-unirii-dupa-ce-va-deveni-pietonal-simulare-video-1877391
The area immediately surrounding the hotel is undergoing significant urban redevelopment and is one of the last aspects of Unirii Boulevard to remain undeveloped. A part of this is shown in this article. https://tekdeeps.com/what-will-unirii-boulevard-look-like-between-alba-iulia-square-and-unirii-square-after-it-becomes-pedestrian-video-simulation/
The hotel was taken over in 2011, changing to a major international brand and Is a well-known landmark in the city, a point of reference in fact for meeting/ directions. For further details, please contact firstname.lastname@example.org or call +40727 606 074.
Energy class: awaiting clarification.
White Mountain Property has a good collaborative relationship with other local real estate companies in Bucharest, to save our clients searching any more than they wish, while still uncovering the best property match for their needs. If you find a property elsewhere but prefer to communicate through us, we can act on your behalf for that property at no extra costs to you. In effect, you get the experience of both agencies at the same time with no cost penalty.