Romanian real estate company Rock Development Holding will invest €70 mln in a five-star luxury hotel project in Poiana Bra?ov.
The project consists of a hotel with 120 rooms and an aparthotel with 75 residential units, in addition to numerous facilities such as restaurants and a spa center.
The project has received all the necessary permits and construction will begin soon.
The management team of Rock Developmetn Holding is led by Mircea Cotiga, a former banker with over 15 years of experience in the local banking sector, including as CEO of UniCredit Leasing. He is supported by Mircea Draghici, managing partner at Est Hospitality, one of the most experienced consultants in the hospitality industry with over 20 years of experience in the market.
Mircea Cotiga, CEO of Rock Development Holding, said: ‘We will develop a landmark tourism project that will put Romania on the map of five-star mountain destinations in the region and beyond. This is a significant investment, as it is a large-scale project with almost 200 units at international standards. We want the entire complex to be managed by a world-class hotel operator.’
To date, Rock Development Holding has invested over €53 mln in two residential projects with 800 apartments in Bucharest (Politehnica Parc Residence and Avrig Park Residence). In addition, it has another 222 apartments under construction at the Avrig Park Residence, for an estimated investment of €23 mln.
