Copos seeks luxury tenants for a commercial space in Hilton hotel

Businessman George Copos, owner of the Ana Hotels group, which holds seven hotels across Romania, is seeking luxury brand tenants for a commercial space in the lobby of Bucharest’s five-star hotel Hilton, which will be modernised following an investment of several million euros.

“We intend to set up a commercial space in the lobby of the hotel, one that is up to the standards of the Hilton chain and we are already in negotiations with several potential tenants,” said George Copos, without specifying how many square metres would be allocated for the store. He added it would be a monobrand store. The Hilton hotel currently accommodates two stores, La Casa del Habano, which sells Cuban cigars, and jewellery store MardiKian. Retailers bring additional revenues to hotel operators from rent, which can amount to as much as 50-60 euros/square metres in a five-star hotel. Some hotels even accommodate shopping galleries in their lobbies. Such is the case of JW Marriott, which has Louis Vuitton, Rolex, and other stores in its lobby. Copos posted 26 million euros in revenues from its seven hotels last year. The businessman’s hotel businesses dropped 26% in RON last year, to 110 million RON, the biggest decline of the last few years.