Origination


  • Off-market

Ownership


  • Held by Fund II

Role


  • Acquired in partnership with Cerberus Capital Management

Value Creation


  • Build on investment and operational expertise to further expand the existing leadership position of the hospitality complex in the growing Romanian market

Property Type


  • Hospitality complex with total GLA of 86,000 sqm comprising
    • Radisson Blu with 487 guest rooms
    • Park Inn with 210 guest rooms
    • c. 7,500 sqm of prime retail space

 

See property website for further details: https://www.radissonblu.com/en/hotel-bucharest?facilitatorId=CSOSEO&csref=org_gmb_sk_en_sn_ho_BUHZH

Key Facts
Location Calea Victoriei, Bucharest
Deal type Value Add
Closing date Dec. 2017
Origination Off-market
Status Under management