Hilton chain has affiliated Bucharest City Hotel four-star hotel(the former Tulip Inn), which operates 88 rooms and is controlledby Lebanese-born Raafat Sarieddine, owner of the company thatoperates Sony Center stores.
This is the second hotel of Bucharest to operate under a Hiltonchain brand, besides Athenee Palace Hilton luxury hotel controlledby businessman George Copos.
"Bucharest City Hotel will take over the Double Tree brand in thewake of the signed contract," stated Adela Cristea, developmentmanager with Hilton for Europe, which has affiliated five hotels ofRomania.
Until this year, Bucharest City Hotel, with 1.6m-euro turnover and55,000-euro income in 2009, operated under the franchise of GoldenTulip hotel chain. The four-star hotel, located close to Vitanarea, is registered to Vis 7 Import Export company controlled byLebanese-born Sarieddine Raafat (with 75% of stock).
He also holds, together with another shareholder, New Link company,which operated Sony Center store network, with 9.8m-euro turnoverlast year and 131,000-euro losses.
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