Lithuania's Europa Group recruits former exec from Negoiță brothers' group

Lithuania’s Europa Group, developing Royale four-star hotel of Unirii area of Bucharest, an investment put at 11.5m euros, appointed Romică Tamaș, an exec who also worked with the group run by Ionuț and Robert Negoiță brothers as the general manager of the hotel.

“The hotel will be run by Romică Tamaș, with experience in the hospitality industry,” said Karolis Paliulis, a deputy manager for real estate investment and development with Europa Group.
The Lithuanians also signed a contract with Drogerie Markt stores for the rental of a 400 square metre space in the hotel they own.
The finalisation of construction works for the four-star, 90-room hotel was been delayed several times. Initially, the hotel was due to be opened last year, but the construction was frozen on the lack of money and the hotel was put up for sale for 4m euros. Currently, the hotel is still for sale, but under different conditions from last year. The sale price gets to 11.5m euros, according to Europa Group official, which resumed construction works this year after securing funding from Piraeus Group.