Real estate developer Hagag Development Europe consolidates its local portfolio and announces the acquisition of Susai Hotel, a property located in Predeal.
The company is considering investments of about 60 million euros for the renovation and modernization of the asset.
Currently in the design phase, the future project will be known by the name of H Susai and will be developed based on the international concept BIO & SPA hotels.
This implies the integration of as many green elements as possible, supplying the complex with energy coming from renewable sources, certified organic restaurants supplied from organic sources, etc..
The property will surpass an extensive transformation process and aims for a standard of at least 5 stars.
Once completed, H Susai will be managed by an international operator to be later selected by the developer.