ZF English

Times to invest 12-15m euros in two hotels

27.06.2005, 17:26 5

Times hotel company, owner of the Bucharest-based hotel bearing the same name, plans to set up a chain of accommodation units, Times Hotels, with investments estimated to range between 12-15 million euros. a??Over the next six months, another two hotels will be bought, one located in Bucharest, a three-star hotel, and one in the northern area of Romania, to be included in the four-star category. The investment is put at 12-15 million euros,a?? said Joe Rahim, manager of the Times hotel. Times will inaugurate a four-star hotel in Bucharest, most likely at the end of June, in the wake of investments standing at six million euros. The unit will have 70 rooms and four conference halls. ZF

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