Corinthia Hotels expands into Bucharest, Romania

Grand Hotel du Boulevard, Bucharest, Romania. Photo credit: Niro Investment Group(Image: Niro Investment Group)

Corinthia Hotels is set to open a new hotel in Bucharest, Romania. The former Grand Hotel du Boulevard in the capital city's center is scheduled to reopen in late 2019 as the Corinthia Grand Hotel du Boulevard Bucharest following an extensive refurbishment.

Corinthia Hotels will operate the hotel under a management agreement that was signed earlier this month with the property's owner Niro Investment Group. Corinthia Hotels' sister company QP Management will control the project management and cost management services for the developers. Dubai-based investment, development and asset management firm Beaufort Global advised the deal. 

The hotel, which was built in 1867, originally closed about a decade ago. The property will undergo an extensive renovation and rebranding, which is scheduled to begin in the second quarter of 2018. Once the renovations are complete, the Corinthia Grand Hotel du Boulevard Bucharest will have more than 50 guestrooms and suites. 

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


This is Corinthia's most recent hotel restoration of a 19th century property in Europe. The group also acquired, renovated and relaunched the Corinthia Hotel London, the Corinthia Hotel Budapest—formerly the Grand Hotel Royal—and the Corinthia Hotel St Petersburg, Russia.

Corinthia's most recent refurbishment currently underway is the former Grand Hotel Astoria in Brussels, which the company acquired in 2016. This city-center property, originally built in 1909, sat vacant for 10 years before Corinthia began restoring it. The Corinthia Grand Hotel Astoria will have 121 guestrooms and suites once renovations are complete.