Hotel operator Accor recently extended its management contract for the four-star Pullman Bucharest World Trade Center hotel in Bucharest. The hotel, owned by World Trade Center Bucuresti, has been managed by Accor for the last 20 years.

The hotel used to be named Sofitel, but was re-branded as Pullman in 2009. The hotel was opened in 1994 and has 203 rooms, including 15 suites.

The hotel owner World Trade Center Bucuresti has been insolvent since 2011, according to data on its website. Apart from the hotel, the World Trade Center compound includes offices, conference facilities, and restaurants.

The company is partly owned by the Bucharest Municipality, the Chamber of Commerce, Fondul Proprietatea, Bouygues Batiment International, and Debarth, among others. In 2011, the company had a tunrover of some EUR 8.9 million, and a loss of EUR 2.8 million, according to the latest available public data.

Pullman is the upscale international hotel brand of Accor. The Pullman network has more than 80 hotels in Europe, Africa, the Middle East, Asia-Pacific and Latin America.

Earlier this year, information surfaced that Accor will open its first Mercure hotel in Romania this fall, close to the Romanian Athenaeum in capital Bucharest.

In Romania, Accor runs a Novotel unit on Calea Victoriei in Bucharest, and four Ibis hotels.

Worldwide, the group runs over 3,500 hotels in 92 countries, under brands such as Sofitel, Novotel, Mercure, Pullman, Adagio, ibis, hotelF1 and MGallery.

Corina Chirileasa, corina@romania-insider.com