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Simona Fodor
Senior Editor

Simona joined the Romania Insider team in 2015, first working on our travel guide in English and, later, writing features and interviews for Romania-insider.com. She holds a BA in Romanian and English and an MA in American Studies from the University of Bucharest and started her journalism career in 2003.  Simona divides her time between her hometown Ploiești and Bucharest. While in Ploiești, she enjoys spending time with her family and taking long walks with the family dog. Going through an ever-expanding reading list and traveling, now replaced by travel literature and documentaries, are some of her favorite activities. You can get in touch with her for stories about arts, culture, and travel: simona@romania-insider.com 

 

Hagag Development acquires hotel in Romanian mountain resort, plans upgrade to five-star property

Real estate developer Hagag Development Europe acquired Susai Hotel, a property located in the mountain resort of Predeal, a well-known ski destination. 

The company is considering investments of about EUR 60 million for the renovation and modernization of the hotel, it said in a release.

Currently in the design phase, the future project will be known by the name of H Susai. It will be developed based on the requirements of the international concept BIO & SPA hotels, "which implies the integration of as many green elements as possible, supplying the complex with energy coming from renewable sources, certified organic restaurants supplied from organic sources," the developer said.

After an extensive transformation process, the property aims for a standard of at least five stars.

Once completed, H Susai will be managed by an international operator to be later selected by the developer.

"Hagag Development Europe is very well positioned on the real estate market in Bucharest, especially on the residential segment and growing on the office one. The diversification of the market segment on which we operate continues to be one of our company's key directions in terms of future development and growth. This new acquisition marks an important step in consolidating our operations in Romania and paves a path to new business opportunities. Our ambition is to keep adding assets that will allow us to successfully expand to the local hotel market," Yitzhak Hagag, co-founder and shareholder Hagag Development Europe, said. 

Hagag Development Europe is a real estate investor-developer specializing in residential, commercial and hotel projects in Romania. 

(Photo courtesy of the company)

simona@romania-insider.com

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Profile picture for user sfodor
Simona Fodor
Senior Editor

Simona joined the Romania Insider team in 2015, first working on our travel guide in English and, later, writing features and interviews for Romania-insider.com. She holds a BA in Romanian and English and an MA in American Studies from the University of Bucharest and started her journalism career in 2003.  Simona divides her time between her hometown Ploiești and Bucharest. While in Ploiești, she enjoys spending time with her family and taking long walks with the family dog. Going through an ever-expanding reading list and traveling, now replaced by travel literature and documentaries, are some of her favorite activities. You can get in touch with her for stories about arts, culture, and travel: simona@romania-insider.com 

 

Hagag Development acquires hotel in Romanian mountain resort, plans upgrade to five-star property

Real estate developer Hagag Development Europe acquired Susai Hotel, a property located in the mountain resort of Predeal, a well-known ski destination. 

The company is considering investments of about EUR 60 million for the renovation and modernization of the hotel, it said in a release.

Currently in the design phase, the future project will be known by the name of H Susai. It will be developed based on the requirements of the international concept BIO & SPA hotels, "which implies the integration of as many green elements as possible, supplying the complex with energy coming from renewable sources, certified organic restaurants supplied from organic sources," the developer said.

After an extensive transformation process, the property aims for a standard of at least five stars.

Once completed, H Susai will be managed by an international operator to be later selected by the developer.

"Hagag Development Europe is very well positioned on the real estate market in Bucharest, especially on the residential segment and growing on the office one. The diversification of the market segment on which we operate continues to be one of our company's key directions in terms of future development and growth. This new acquisition marks an important step in consolidating our operations in Romania and paves a path to new business opportunities. Our ambition is to keep adding assets that will allow us to successfully expand to the local hotel market," Yitzhak Hagag, co-founder and shareholder Hagag Development Europe, said. 

Hagag Development Europe is a real estate investor-developer specializing in residential, commercial and hotel projects in Romania. 

(Photo courtesy of the company)

simona@romania-insider.com

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