Accor to double its Romanian hotels in five years

After Polish hotel group Orbis, of which Accor owns 53 percent, took over the management of the Accor hotels in Central and Eastern Europe, the French group is now preparing to enter a new development phase in Romania.

Accor plans to double its presence in Romania over the next five years. The Mercure hotel, which was inaugurated last November, is so far Accor's first opening in more than six years. The French hotel group has six other hotels in Romania: four Ibis units, a Novotel and a Pullman. Of all the seven hotels Accor owns only one location, the Novotel, with the others operated under franchise or management contract.

Accor is not only looking to considerably speed up expansion through new franchise and management deals but is also planning to invest its own capital in hotel development on the local market.


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Accor is considering opening new hotels in Bucharest as well as outside the capital.

“Romania is a big country with a big population. One can have a mix of pure leisure in the Black Sea or in the western part of the country and business in Bucharest. Overall, the market offers a very good balance between leisure and the MICE (e.n. meetings, incentives, conferencing, exhibitions) segment and this is a huge advantage. There is also the domestic market which is an important base. We are interested in a market that is not totally dependent on the international market,” said Laurent Picheral, member of the Accor executive committee and of the Orbis supervisory board.

Suggested Articles

Should all of 2020's scheduled hotels come online as planned, China will open the most new rooms next year since the cyclical peak in 2014.

The debuts consist of a Hampton Inn, a Tapestry Collection and a Homewood Suites and total 410 rooms.

DTZ Investors has purchased the property along with other real estate for more than £70 million.