Real estate investor-developer Hagag Development Europe selected Radisson Hotel Group as operator for its first hotel development in Bucharest, to open under the Radisson RED brand, the first of this type in Romania.
This project will be developed following an over EUR 13 million investment, and involves transforming an office building dating back to the 1940s. Historically serving as the offices of the Institute of Hydroelectric Studies, the old office maze will be fully renovated and redesigned to provide 104 guest rooms in the historic Old Town area.
Radisson RED Bucharest Old Town will boast a restaurant and bar, a lobby incorporating a co-working lounge and an outdoor terrace, and versatile meeting spaces. A multipurpose room, together with the pop-up venue on the fifth floor, will cater to meetings, events, product launches, and social functions.
Radisson is a rapidly expanding international hotel group, operating in EMEA and APAC with over 1,520 hotels in operation and under development in over 100 countries. Its portfolio includes Collection, art’otel, Blu, RED, Individuals, Park Plaza, Park Inn, Country Inn & Suites, and Prize.