First Hampton by Hilton in Bucharest, at Promenada Mall Bucharest

NEPI Rockcastle has signed an agreement in principle with Lithuanian operator Apex Alliance Hotel Management to manage a new 4-star hotel in Bucharest. The unit will operate under the Hampton by Hilton brand and will be built as part of the expansion of the Promenada mall, located in the office area in the north of the capital. This will be the first Hampton-branded hotel in Bucharest and the third Hilton brand managed by Apex on the local market.

Apex Alliance won the competition to operate the hotel against the Baltic group Mogotel, which had proposed the Radisson RED brand.

The new accommodation unit will occupy an area of about 10,000 square meters, representing approximately half of the building under construction, and will have around 200 rooms. The delivery deadline for the building is the end of next year, with the operator needing up to 6 months to equip and launch the hotel.