One United Properties signs with Ennismore to open Mondrian Hotel
Real estate developer One United Properties has signed a deal with hospitality and lifestyle company Ennismore to open a Mondrian Hotel in Bucharest.
The Mondrian Hotel was first opened in 1985 in Los Angeles as Le Mondrian by the L'Ermitage Hotel Group, and was later acquired by Ian Schrager and Morgans Hotel Group in 1996 and renamed the Mondrian Hotel Los Angeles. As of 2021, the Mondrian brand, including the Los Angeles flagship, is managed by Ennismore, following a joint venture with Accor, which is the majority shareholder.
Mondrian Bucharest will be located at 8-10 Georges Clemenceau Street, near the Romanian Athenaeum, where One United Properties previously purchased an unfinished building with the intention of converting it into a hotel. In December 2022, the company announced the purchase of an unfinished building in the centre of Bucharest, with the aim of reauthorising and completing the construction, turning it into a luxury hotel (previously communicated as One Plaza Athénée).