Increasing the hotel portfolio to four hotels in Romania, Rezidor Hotel Group has signed the Radisson Blu Hotel in Timisoara. Radisson Blu and Mulberry Development are set to create an international upper upscale hotel in the western Romania hub for social, economic and cultural activities- Timisoara.
According to Elie Younes, Executive Vice President & Chief Development Officer of Carlson Rezidor Hotel Group:
“We are pleased to continue boosting our presence in Romania, and strengthening our South-Eastern Europe development in secondary cities. We appreciate the local business fundamentals and thank our respected partner, Mulberry Development, for its commitment. Timisoara is a very attractive destination for us; it has significant development potential, and there are major investments with attractive new concepts.”
Expected to be completed in 2020 featuring 160 rooms, a signature restaurant and bar concept, 1,000m2 of meeting space (including a ballroom), and a 24/7 fitness center, Radisson Blu will be an integral part of ambitious real estate projects in the ISHO neighborhood of Timisoara. Located within the walking distance of the old town that still displays the 19th Century architecture during the Hapsburg Empire.
Ovidiu Șandor, developer of ISHO neighborhood said the following:
“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, together, we will manage to build a distinguished hotel 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.”
Leading law firm Wolf Theiss, Austria and consultants of PFK Hotelexperts from Vienna assisted Mulberry Development for the negotiations.
About The Rezidor Hotel Group
Being a member of the Carlson Rezidor Hotel Group, Rezidor group features a portfolio of 479 hotels with 106000 rooms in operation or under development in 79 countries. Some of the brands under Rezidor Hotel group are Radisson Blu® and Park Inn® by Radisson in Europe, the Middle East and Africa (EMEA). Headquartered in Brussels, Belgium, Rezidor hotel Group and its brands employ around 43700 people in the EMEA.
About Mulberry Development
Founded by Ovidiu Sandor, Mulberry Development is an award winning real estate development company and is known best for three leading real estate projects in Romania’s largest non-capital cities: City Business Centre and ISHO in Timisoara and The Office in Cluj-Napoca. These projects have attracted international brands such as Bosch, Bombardier, SAP, IBM, Deloitte, Mol Romania, Raiffeisen Bank, UniCredit, Betfair or National Instruments.