Cushman & Wakefield Echinox announces the successful completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the most prominent hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares Management, a company owned by Dumitru Becșenescu. The sale process was managed by the Capital Markets division of the Cushman & Wakefield Echinox real estate consultancy company, led by Mihaela Pana, Partner Private Investments, and Cristi Moga, Head of Capital Markets.
Located directly on the seafront in the central-north part of Mamaia, Zenith Conference & Spa is a 4-star hotel with 295 keys, offering a comprehensive guest experience, combining premium accommodation with high-end amenities such as a wellness center, outdoor pool, beachfront access and fully equipped conference facilities. Moreover, the property also includes a beachfront land free of construction for a potential new development.
Mihaela Pana, Partner, Private Investments, Cushman & Wakefield Echinox: “This transaction highlights the growing interest in seaside hotel assets and contributes significantly to the revitalisation and development of the tourism sector. The Romanian seaside has strong potential to become an attractive, year-round destination. Moreover, Romanian hotel market is undergoing rapid expansion, with a significant number of new projects in Bucharest and the main tourist hotspots. The sector continues to be dominated by local players, who possess in-depth knowledge of the local market.”
Mamaia-Constanta area hosts approximately 340+ accommodation units, including more than 100 hotels, as well as boutique villas and serviced apartments. The resort has tens of thousands of beds, out of which around 10,000 are operated by hotels.
Zenith is one of the few hotels in Mamaia that has effectively tapped into both the leisure and business tourism segments, positioning itself as a year-round destination. Initially built in 1969 and benefitted of several major refurbishments, the hotel comprises two buildings (Jupiter and Junona), with a total built area of 13,400 sq. m and stands on a plot of land of 5,800 sq. m.
Cushman & Wakefield Echinox is a leading real estate company on the local market and the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently, with a team of over 60 professionals and collaborators offering a full range of services to investors, developers, owners and tenants. For additional information, visit www.cwechinox.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and others. Built around the belief that Better never settles, the firm receives numerous industries and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
