International Hotel Investments plc - New Project Management Agreement

On 16 April 2018, International Hotel Investments plc announced that following the recent award of a new hotel management agreement related to the former Grand Hotel du Boulevard located in Bucharest, IHI’s wholly-owned subsidiary – QP Management Limited – has now been entrusted with the technical management of converting the former Grand Hotel du Boulevard into a new Corinthia luxury hotel, offering 50 suites and other dining and leisure amenities.

QP Management Limited will lead, manage and supervise the design, conversion and fitout of the property. The expected date of completion of the whole project is December 2019.