REI Grup attracts over 70% non-reimbursable funding for a EUR 1.5 mln in hotel in Campulung

An investment of more than EUR 1.5 million in the first hotel with 4-star standards and facilities and the first greenfield project in the last 50 years in the hotel sector was realized in Campulung Muscel, where the Imperial Hotel was recently inaugurated.

The total value of the investment amounted to RON 7.788.593,26, of which 70% represents European funds, was successfully attracted by the REI Grup team, through the Regional Operational Program 2014-2020, Priority Axis 2, managed by the Agency for Regional Development South-Muntenia.

"Hotel Imperial is the first major hotel investment in our city in the last 50 years. Construction started 5 years ago and the hotel was opened in early December. We are happy to have completed the works, while the good cooperation with the REI team helped us to successfully obtain the grant," said Marilena Dumitrache, manager of Hotel Imperial stated.