European development company Hagag unveils EUR 13 million Radisson RED hotel project in Bucharest, Romania
🤘 Get the inside scoop on Hagag Development Europe's first dive into Romania's hospitality scene 😇
Oh, hi there! Let's talk about the exciting news that Hagag Development Europe is stepping into the Romanian hospitality market, partnering up with Radisson Hotel Group for their first hotel project right here in ol' Bucharest. The design team's chosen one is none other than the Radisson RED Bucharest Old Town hotel - the very first of its kind in the country! 😎
This project is a massive EUR 13 million investment and involves the transformation of an ancient 1940s office building, previously the domain of the Institute of Hydroelectric Studies, into a luxurious, modern 104-room hotel. Let's not forget to preserve the historic vibes, though; that's part of the charm!
The entry of Hagag Development Europe into the Romanian hospitality market is not limited to just hotels, as they are also looking to expand in other businesses, such as finance and real-estate. This large-scale EUR 13 million investing project, revolving around the transformation of an old office building into a luxurious hotel, could potentially open up new opportunities for other businesses in the area.
