Timisoara hospitality market becomes crowded

In anticipation of five-star hotels, Timisoara is becoming an increasingly attractive destination for the big hotel chains, as well as for large projects started by private investors. Any important brand that announces its entry onto the provincial market is sure to include the city of Timisoara on its list of priorities. Continental, Ramada and Golden Tulip are just a few of the big name hotels expected to be present on the Timisoara market within the next two to three years. Projects will largely involve four-star hotels, but investors are also considering luxury projects. The Cristescu brothers, two of the best-known entrepreneurs in Timisoara, currently hold the three-star Timisoara hotel and the two-star Nord hotel and intend to continue their projects in the field. Next spring, the Timisoara hotel will be upgraded to a four-star hotel, whilst the businessmen are also considering turning the hotel’s old wing, which is currently closed, into a five-star hotel. As for Sibiu-based businessman Ilie Carabulea, who opened the Ramada hotel in Sibiu a few months ago, he is in negotiations to acquire a plot in Timisoara, which will accommodate a similar hotel.