Palace Resort&SPA pays €30 mln for Hilton’s name

“The necessary investment for modernizing the hotel amounts to €30 million,” said Mihaela Iordache, Marketing and Sales Manager of Palace Resort&SPA.

Hilton Sibiu has 115 luxury rooms, four restaurants, a bar, five conference rooms, a Grand Ballroom, a spa center, with indoor pool, fitness, sauna, and other facilities.

“We are delighted to work with one of the world’s most renowned hotel chains. Owing to Hilton’s professionalism and global presence, and our experience and knowledge of the local market, we are sure that Hilton Sibiu will continue to be a local market leader,” said Nicolae Minea, owner of Palace Resort&SPA.