Bega Group opens 10 mln euro ibis Styles hotel in western Romania

Romania’s Bega Group opened on Thursday an ibis Styles hotel in Timisoara, in the west of the country, following a 10 million euro ($11.89 million) investment, its partner in the project Accor said.

Ibis Timisoara City Center is a three-star hotel with 200 rooms, Accor said in a press release on Wednesday.

Construction took two years. Affiliated to the ibis Styles brand, the hotel is operated by French hospitality group Accor under a management contract.

Bega was founded in 1998 and is primarily focused on investing in the Romanian economy, with shareholdings in a variety of industries including technology, real estate, hospitality and leisure, oil drilling, industrial minerals, and industrial machinery.

Accor is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties.

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