A New Radisson Blu Signed For Timisoara, Romania

The Rezidor Hotel Group, one of the fastest-growing hotel companies in the world, is pleased to announce the signing of the Radisson Blu Hotel, Timisoara. This takes the group's portfolio in Romania to four hotels. Radisson Blu and Mulberry Development will create an international upper upscale hotel in Timisoara, the main social, economic and cultural hub in western Romania – and the European Capital of Culture for 2021.

Elie Younes, Executive Vice President & Chief Development Officer of Carlson Rezidor Hotel Group, said: "We are pleased to continue boosting our presence in Romania, and strengthening our South-Eastern Europe development in secondary cities. We appreciate the local business fundamentals and thank our respected partner, Mulberry Development, for its commitment. Timisoara is a very attractive destination for us; it has significant development potential, and there are major investments with attractive new concepts."

To be built, the Radisson Blu Hotel, Timisoara is expected to be completed in 2020 – and will feature 160 rooms, a signature restaurant and bar concept, 1,000m2 of meeting space (including a ballroom), and a 24/7 fitness center. The property will be an integral part of the ambitious development of the most important combined real estate project in the ISHO neighborhood of Timisoara.

The hotel will be located within walking distance of the old town, which retains much of the ornate 19th Century architecture from when the city was a key part of the Hapsburg Empire.

“Timisoara is more and more visible across Europe, and our city becomes more attractive considering both business and tourism sectors. We are very glad that such important private investments will be made in our city, and that we will host such a distinguished hotel operated in the professional manner you would expect of a top international brand,” remarked Nicolae Robu, Mayor of Timisoara.

“The rise of a new business hub around the concept, promoted by ISHO, represents a good opportunity for significant new investments in the city. I am confident that, together, we will manage to build a distinguished hotel that will very soon become a reference for our region, and will have a role in the development of the city – including the amenities offered, both as accommodation units and the new conference center that is so needed in Timisoara”, emphasizes Ovidiu Șandor, developer of ISHO neighborhood.
Mulberry Development was assisted during the negotiations by the leading law firm Wolf Theiss, Austria, and by the consultants of PFK Hotelexperts from Vienna.

The Radisson Blu Hotel, Timisoara will be managed and operated by The 

About The Rezidor Hotel Group
The Rezidor Hotel Group is one of the most dynamic hotel companies in the world and a member of the Carlson Rezidor Hotel Group. The group features a portfolio of 479 hotels with over 106,000 rooms in operation or under development in 79 countries.

Rezidor operates the core brands Radisson Blu® and Park Inn® by Radisson in Europe, the Middle East and Africa (EMEA), along with the Club Carlson loyalty program for frequent hotel guests. In early 2014 and together with Carlson, Rezidor launched the new brands Radisson RED (lifestyle select) and Quorvus Collection (luxury). In 2016, Rezidor acquired 49% of prizeotel. Rezidor has an industry-leading Responsible Business Program and was named one the World's Most Ethical Companies by the US think-tank Ethisphere.

In November 2006, Rezidor was listed on the Nasdaq Stockholm, Sweden. HNA Tourism Group Co., Ltd., a division of HNA Group Co., Ltd. — a Fortune Global 500 company with operations across aviation, tourism, hospitality, finance and online services among other sectors – became the majority shareholder in December 2016.

The Rezidor Hotel Group and its brands employ 43,700 people in EMEA and is headquartered in Brussels, Belgium.

About Mulberry Development
Mulberry Development is an award-winning real estate development company, founded by Ovidiu Șandor, a successful entrepreneur from Timisoara. The company is best known for three leading real estate projects in Romania’s largest non-capital cities: City Business Centre and ISHO in Timisoara and The Office in Cluj-Napoca. The real estate projects have attracted important international companies like Bosch, Bombardier, SAP, IBM, Deloitte, Mol Romania, Raiffeisen Bank, UniCredit, Betfair or National Instruments.

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