Accor and Poland-based Orbis Hotel Group plan to open 20 hotels in Central and Eastern Europe, with a focus on Romania, by 2022. The companies operate 11 hotels in the region and have 10 under development. At the time, Accor Chairman/CEO Sebastien Bazin noted the company has been Orbis’ largest shareholder for almost 20 years, and the deal would help Accor accelerate its development in the region and further implement its active asset-management policy. Among them is the first Swissotel in Romania, which is due to open by 2021 and will be the tallest in Bucharest. The two companies are also expanding into the co-working sector, where demand is growing. In 2017, there were more than 10,000 hotel rooms available for rent across Romania – up from just over 5,000 at the end of 2016.
Accor and Poland-based Orbis Hotel Group plan to open 20 hotels in Central and Eastern Europe, with a focus on Romania, by 2022. The companies operate 11 hotels in the region and have 10 under development. Among them is the first Swissotel in Romania, which is due to open by 2021 and will be the tallest in Bucharest. The two companies are also expanding into the co-working sector, where demand is growing. In 2017, there were more than 10,000 hotel rooms available for rent across Romania – up from just over 5,000 at the end of 2016.