Hilton Hotel To Be Opened Fri C Romania, A EUR25M Invest

Hilton Hotels Corporation will inaugurate Friday in the Romanian central city of Sibiu the first Hilton hotel in southeastern Europe located in another city than a country’s capital, following an over EUR25 million investment.

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Also, this is the second Hilton hotel in Romania.

Known as Palace Resort & Spa, the hotel has recently completed an extended upgrade and re-planning program for launching under Hilton brand.

According to the hotel’s owner Nicolae Minea, the total investment amounts to over EUR25 million, and the costs to transfer from Palace to Hilton amount to around EUR1 million, with the implementation of 2,000 standards.

Minea eyes return on investment in five to seven years.

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