Hyatt to open hotel in Bucharest mixed-use development Nusco City
<p>Real estate developer Nusco has signed an agreement for the opening of the first Hyatt hotel unit in Bucharest in Nusco City, a mixed-use development in the northern part of the city.</p>

<p>The Hyatt operator is entering the Bucharest market with the Hyatt Place and Hyatt House brands.</p>

<p>Hyatt Place will operate a 170-room, 4-star hotel in Nusco City, while Hyatt House will offer 100 extended-stay rooms.</p>

<p>Hyatt - through Hyatt Place and Hyatt House - will be located on more than 4,000 square meters of the Nusco City project.</p>

<p>Nusco will invest more than EUR 42 million in this hotel unit, the developer said.</p>

<p>Earlier this year, Hyatt also signed a partnership for a hospitality unit in Brașov, the city in central Romania.</p>

<p>"This project is a representative step towards expanding the mix of functionalities offered by Nusco City, transforming this area into a true urban hub. The partnership with Hyatt underlines our commitment to bring international standards to our developments," Bogdan Iliescu, commercial director of Nusco, said.</p>

<p>The portfolio of the developer Nusco Imobiliara includes projects such as Premio - a premium boutique residential development; CITTA Park residential complex; Nusco Towers office building; Caramfil office building; Floreasca One office building; Floreasca Two office building; Pipera Commercial Park, Nusco City Phase 1; Nusco City Phase 2 - launched and under development; and also under development the newest villa development in the North of the Capital - Nusco Homes.</p>

<p>Hyatt Hotels Corporation, headquartered in Chicago, has a portfolio of more than 1,350 hotels and all-inclusive properties in 78 countries across six continents.</p>

<p><em>(Photo: Nusco)</em></p>

<p><em>simona@romania-insider.com</em></p>