| Key Facts | |
|---|---|
| Location | Calea Victoriei, Bucharest |
| Deal type | Value Add |
| Closing date | Dec. 2017 |
| Origination | Off-market |
| Status | Under management |
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.radissonhotels.com/en-us/hotels/radisson-blu-bucharest
