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Owner of Romania’s largest hotel plans to expand to the seaside and offer franchises in the rest of the country

Publicat la 22.02.2009, 22:00:00

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Owner of Romania’s largest hotel plans to expand to the seaside and offer franchises in the rest of the country


“We will focus on three and four star hotels, and are initially targeting very large cities, then moving on to large and medium-sized cities. I hope that we will be able to package the product by summer, to make this franchisable, and to offer a franchise to several developers,” said Negoita for standard.ro. He added that the company also plans to build a resort at the seaside, but did not offer details of this project, apart from mentioning that he hopes the project this will allow for an extended season, from 1 May to 30 September due to its facilities.

Negoita controls Pro Confort with his brother, Robert Negoita, and their activities include hotels, real estate and mass-media. As of 2005, they have invested some €60 million in the four-star Rin Grand hotel, the largest hotel in Romania, with 1,500 rooms, and valuated by company representatives at €100 mln. Turnover in 2008 amounted to €15 million, and they are expecting this to increase to €18 mln this year

Rin Grand representatives indicated that they do not plan to drop prices or lay off staff. The unit’s average daily occupancy rate in 2008 was 380-400, as this operated at full capacity only at the end of the year.

Other four-star hotels nationwide are Golden Tulip, Ramada and Best Western.

 

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