Antonescu family builds second hotel in Bucharest in Dorobanți

Antonescu family, controlling Marshal Turism travel agency and
a hotel of the same name in Bucharest, is poised to invest several
million euros to build a new four-star hotel, with 60 rooms, in
Dorobanți area.
“The project whose construction started in early 2010 will be
finalised next spring, according to our estimates. The decision to
build the hotel was made as building material prices and workforce
costs are lower during this period,” stated Ana Maria Moanță,
marketing manager of Marshal Turism.
She did not disclose the exact value of investments in the new
hotel, but according to ZF calculations, taking into account an
80,000-euro cost per four-star room, total investments would amount
to 4.8m euros.
“The investment is self-funded by the owner,” said the company’s
official.
The new hotel will operate three restaurants, on a market that
dropped by 30% last year.
At present, the travel agency and Marshal hotel are managed by
Marius Daniel Antonescu, the son of Ion Antonescu.
The two businesses last year generated 15.7m-euro turnover and
profit worth around 173,000 euros, according to Trade Registry
data. In the first half, the travel agency saw its revenues go down
by 10%.