English
Aro Palace is having talks with Hilton, Marriott and Hyatt to join one of the international hotel chains, but the process will last two or three years, according to manager Gabriel Florescu. In the meantime, the Aro Palace will be listed on the Bucharest Stock Exchange (BSE), as per an announcement by Mihai Fercala, the CEO of SIF Transilvania, the majority shareholder in Aro Palace. The company will finalize a 14 million EUR, three-year investment program at the end of this year. Early this week, SIF Transilvania subscribed 86.4 million shares worth 8.64 million RON following a 10 million RON capital increase operated in May.
Aro Palace To Join International Hotel Chains In 2 Years
F.A.
Ziarul BURSA #English Section / 14 septembrie 2007
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