WTC builds three-star hotel for Romexpo clients

The Bucharest-based World Trade Center (WTC), the company that owns the four-star hotel Sofitel, intends to build an Ibis hotel in the near future, to provide accommodation to Romexpo clients, said Mircea Ursache, president and CEO of the company. “Not all exhibitors at Romexpo exhibitions have the means to stay at four-star hotels. We will build a two or three-star hotel to provide accommodation for Romexpo clients,” said Ursache. Company representatives did not specify the value of the investment. The company expects to post a turnover worth 32 million euros this year, with profit accounting for some 10% of it. The WTC Bucharest logged turnover worth 54.3 million RON (15 million euros) last year, about 15% less than 2004, registering losses of some 8 million RON (3.2 million euros).