Sparkassen Immobilien AG acquired the newest four-star hotel in downtown Bucharest, Novotel City Centre Hotel, with a 29.5 million euros investment, the company informed. The seller, Accor Group, will still operate the hotel, due to a long-term rent contract.

Novotel has 258 rooms on 12 floors, with a total surface of 27,500 meters square, a restaurant and a coffee shop, one conference hall, a beauty center, a gym hall and a commercial gallery.