Zeus International successfully acquires three hotels in Bucharest, Romania

Zeus International, one of Europe’s fastest growing hotel management firms, announce that has successfully completed the acquisition of the portfolio of three hotels in Bucharest, Romania.

The three properties are the Venezia, Opera and Central hotels located around the Cișmigiu Gardens near the historic city center (CentruVechi), in the heart of the cultural and commercial area.

Central and Opera hotels, were built during the interwar period and are situated near the iconic city landmarks such as the Palace of the Parliament (formerly the “People’s Palace”), the Romanian Athenian and the National Museum of Art (former “Royal Palace”) in Revolution Square.

Venezia, an architectural masterpiece and an iconic hotel, built in the turn of the twentieth century, is a listed building located at the historic square of Mihail Kogălniceanu.

Zeus International, has moved forward to the acquisition of the three hotels following a successful six-year management which led to an 8-fold GOP growth since September 2015. “We are very proud for this acquisition that accelerates Zeus International strategic goal on portfolio growth and diversity” said Haris Siganos, President and CEO of the company, adding that “we aim to further strengthen our presence in the field of hotel management and consulting services in major European cities, focusing on the prospects of increasing profitability and long-term value. We expect to have in Romania the same record of success that we have so far enjoyed from our other properties”.

Zeus is pursuing an immediate capex plan for the extensive renovation of the three properties aiming to a leading position of the hotels within the city’s high-end business and leisure segments.

Zeus International is a hotel management company, with a view to the future, creating hotels of unique aesthetics oriented to the highest standards of the visitor.

With offices in Athens, Milan, Bucharest, Nicosia and Sofia, Zeus International has established itself as one of the leading hotel management companies in Greece and throughout Southern Europe with more than 3,500 rooms in 22 hotels in 5 different countries. Zeus International’s expansion will continue with additional hotels opening in 2021 and early 2022.

New projects are underway confirming the company’s vision for future growth in top European destinations. The group collaborates with the largest hotel brands in the world, such as, Wyndham Hotels & Resorts, Radisson Hotels and Hilton Hotels as well as with the largest global institutional investors.

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The Xenium-advisors and Cronus Developments group companies provide consulting, analytics and consulting services and hospitality services, such as financial analysis and refinancing of hospitality projects, feasibility studies, investment analysis, project management, project design and development, new design and development, constructions of hotel units. Through Xenium and Cronus Developments, Zeus offers hosting investors a Performance-Based One-Stop Shop service based on the Turn-Key principle.

Some of the recent Zeus International awards are: “Diamonds of the Greek Economy Award 2020”; “Greek Business Champion Award 2019”, Greek Hospitality Golden Award for “Best Greek Hotel Management Strategy 2019”, Tourism Awards, Silver at “Strategy & Innovation
2019″, Greek Hospitality Awards, Silver Award as “Best Greek Hotel Management Strategy 2020”.

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