Duke hotels in the center of Bucharest have been sold

The law firm Filip & Company assisted Amstar Management in the transaction regarding the sale of two hotel units located in the center of Bucharest – the Duke Romană and Duke Armenească hotels.

“The hotel sector in Bucharest is in a period of active development, driven by the return of business tourism, the resumption of international events and the growing interest in city breaks. There is an increasingly intense competition for central locations, and investors are increasingly attentive to the potential for repositioning properties. Transactions in the hotel sector involve, beyond the classic real estate components, a good understanding of the operational specifics and industry regulations. We are glad that we were able to contribute to the successful conclusion of this transaction and we thank the clients at Amstar Management for the trust they have placed in us,” said Ioana Roman, partner and coordinator of the Real Estate department at Filip & Company.

The Filip & Company team involved in this transaction was coordinated by Ioana Roman (partner) and included Cristina Tudoran (partner), Alexandru Moraru (senior associate), Roxana Iordache (senior associate) and Alexandra Ionescu (associate).

Source: wall-street.ro