Bucharest Intercontinental Hotel Valued At EUR70.74M

The Bucharest-based five-star Intercontinental Hotel was valued at EUR70.74 million by real estate consultancy company DTZ Echinox, the hotel’s operator Intercontinental Romania said in its annual report Friday.

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Imaginea articolului Bucharest Intercontinental Hotel Valued At EUR70.74M

Bucharest Intercontinental Hotel Valued At EUR70.74M

DTZ Echinox said the hotel’s building and equipment are valued at EUR40.74 million, while its land is worth EUR30 million.

The 423-room Intercontinental Hotel is part of the international chain Intercontinental Hotels, which also operates the hotel brand Crown Plaza in Romania.

Intercontinental Romania is majority-owned by Luxembourg-based RHIC Holding, which controls 49.12% in the company. Another shareholder is Romanian Lido SA, which owns an 11.8% stake in the company.

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