Local group InStil Hotels launches new boutique hotel in downtown Bucharest
<p>Following an investment of EUR 2.5 million in the renovation and refurbishment of a historic building in the Rosetti Square area in downtown Bucharest, the InStil Hotels group, owned by the Alecu family, is diversifying its portfolio with a new 4-star boutique hotel property. Named Ecletico Villa, the property offers 18 rooms.</p>

<p>The new boutique hotel also has a breakfast room and a courtyard terrace that preserves an original architectural feature - a 100-year-old fountain. Another element conserved and restored from the original architecture is the staircase made of solid, carved wood.</p>

<p>The InStil Hotels portfolio, owned by the Alecu family, currently includes three hotel properties in Bucharest, classified as 3 and 4 stars. They are Stil Old Town, Stil N Hotel, and Ecletico Villa.</p>

<p>The group's development projects include the renovation and modernization of the former Banat Hotel in Rosetti Square, a project estimated to require an investment of EUR 4 million and have 40 rooms, and the former Euro 11 hotel in Sibiu, a project that will have 38 rooms and will require an investment of approximately EUR 3 million.</p>

<p><i>irina.marica@romania-insider.com</i></p>

<p><i>(Photo source: the company)</i></p>