Continental Constanta on hold

The construction works on Continental Hotel in Constanta, a $10 million investment, have not begun yet, due to the delay in securing the necessary permits, says Radu Enache, chairman of Continental SA, which holds ten hotels operated as a chain. Enache at the end of last year announced he was planning to invest in a hotel in Constanta aimed at business people. The project designed by Bucharest International Proiect SA takes up 6,500 sqm, in close proximity of the Chamber of Commerce and Navigation. The three-star hotel will have about 150 rooms, a restaurant, a bar, conference rooms, as well as recreational facilities and shops. Besides the hotel in Constanta, Continental’s plans also include an investment in the refurbishment of the Bulevard Hotel in Sibiu and in building a new three-star hotel in Bucharest. ZF