Tomah Kahled buys ExpoCenter hotel

Iraqi businessman Tomah Kahled, owner of the Sir shopping complex in Bucharest, bought the former 4-star Best Western Plus ExpoCenter hotel from Libra Internet Bank, and is now preparing the construction of a new hotel in one of Bucharest's business districts.

The bank sold the hotel to Tomah Kahled for a price of EUR 4.1 million. The Iraqi investor included it in the Sir hotel group and has already reopened it under the name Sir Royal, this being the first 4-star hotel in his portfolio. The 4-star Sir Royal hotel has 39 rooms. Among the hotel's facilities are 3 conference rooms, each with a capacity of up to 50 people, and 3 other large event rooms, with a capacity of up to 200 people.

At the same time, Tomah Kahled is aiming to build a hotel on a 650 square meter plot of land he owns across the street from the Orhideea shopping center and near the Sir Orhideea hotel, which the investor has in his portfolio. His plan is to build a hotel with a basement, ground floor and 6 floors, with a total area of 2,250 square meters, equivalent to about 60 rooms.

Source: Profit.ro