ARO Palace announced the signing of contracts to start renovation works at the Capitol hotel in Brașov, affiliated with the international Mercure chain. The investment in the project amounts to almost EUR 17 million. The value of the signed contracts is almost EUR million. The hotel will have 181 rooms, a restaurant, a commercial area, as well as conference facilities on the ground floor. The company also plans to renovate the Aro Palace hotel and affiliate it with the international Hyatt Regency brand. In total, the expected investments for the two hotels amount to almost EUR 50 million. Source: economica.net