April 2 (SeeNews) - Polish-listed Orbis Hotel Group, the strategic partner of AccorHotels in Eastern Europe, and Bosnian based Tareq Hospitality have signed a franchise deal under which Hotel Sarajevo will be re-branded to an ibis Styles hotel, local media reported.
The transformation of the existing Tareq Hospitality owned Hotel Sarajevo into an ibis Styles hotel, which includes the reconstruction of the existing 69 rooms, should be completed in the second half of the year, news portal ekapija reported over the weekend.
Subsequently, the hotel will undergo a 30 million marka ($18.9 million/15.3 million euro) expansion, whereby 117 rooms are to be added, ekapija noted, quoting Enes Kazazic, project manager of the new ibis Styles Sarajevo.
This will be the first ibis Styles hotel in Bosnia.
ibis Styles is one of the brands of Accor Hotels. Orbis comprises 120 hotels and is the sole licensor of all AccorHotels brands in 16 countries including Bosnia, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia and Slovenia. It offers a total of 20,000 rooms.
(1 euro=1.95583 marka)