Romanian group of companies Grup MIR recently finalized EUR 3.3 million investments in a series of spa hotels across Romania. Following the 2011 asset management contract with Sind Tour Trading (STT), MIR revamped the Domogled hotel in Baile Herculane Spa Resort, which became a three-start hotel, from the previous two-star classification. The Romanian investor also revamped the 150-roomed Dacia Hotel in the same resort, and 90 rooms within the Montana Hotel in Covasna. By June 30 it will finish revamping the pool of the Muncel hotel in Baile Felix spa resort.

The biggest investment was in the 138-roomed Domogled hotel, which was totally redone, including the spa treatment area.

“When we took over the management of tourists assets from STT, they were basically derelict. We believed and we still believe in their potential, this is why we invested massively to bring higher comfort for tourists who come here traditionally, and to attract new tourists, aside from the contracts with the National Pensions House,” said Florin Dumitrescu, vice-president of MIR group.

The investor created the brand by Sol Hotels, and plans to find new investment opportunities, such as managing and revamping other tourists properties in Romania's spa resorts.

Sind Tour Trading runs 7 hotels and 11 villas owned by Sind Romania- CNSLR Fratia employees union: the Muncel hotel in Baile Felix, Dacia (in picture) and Domogled in Băile Herculane, Montana in Covasna, Someşul in Sangeorz Băi, villas and apartments in Vidra and Voineasa, as well as the hotels Brădişor and Vidruţa in Voineasa.

editor@romania-insider.com