Grand Hotel Bucharest | Romania Feed

Alternative investment fund Lion Capital (stock symbol: LION) acquired a package of 83.35 million shares in Grand Hotel Bucharest (RCHI) on July 31, representing 10% of the share capital of the company that manages the former Intercontinental Hotel in capital city Bucharest.

Intercontinental hotel, a symbol of Bucharest, will lose its name starting January 1st, 2022 and be rebranded as Grand Hotel Bucharest, after Compania Hoteliera InterContinental Romania and IHG Hotel & Resorts, the owner of InterContinental brand, did not extend the management contract they sealed in 2006.