https://fivestar-hospitality.ro/welcome daily 1.0 2025-06-04 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/cc4705fe-f9ed-4fc7-8e4a-44d98f385506/RHN+_+logo+orange%2Bblue.jpg Welcome - Make it stand out VISIT AND SUBSCRIBE https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423051993178-SMS1FG411X78WZFXOWKB/Dollarphotoclub_62762568.jpg Welcome https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423492702808-1FTY6O89GHZRXC7LKLAL/image-asset.png Welcome https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423493205377-TYFV9SN03H3WC7XMFQZW/Asset-Management.jpg Welcome https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423493191143-TK160T9DGX6Z5D73A4CK/Brands.jpg Welcome https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1629553854247-XRAT7BBPPRBRBZ4ROCAV/imag-nrds_remaster.jpg Welcome https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/25ef9308-a272-4df3-9fe4-7a3bfe125902/ChatGPT+Image+Apr+8%2C+2025%2C+11_18_47+AM.png Welcome https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423043619611-79XQNC3ZBWSLQLP74GJX/Selection_of_loose_candy.jpg Welcome https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423149646415-EBI4U5R5331ZE5CAVH53/chef.jpg Welcome https://fivestar-hospitality.ro/bunvenit daily 0.75 2025-06-04 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/cc4705fe-f9ed-4fc7-8e4a-44d98f385506/RHN+_+logo+orange%2Bblue.jpg Bunvenit - Make it stand out VIZITEAZA SI ABONEAZA-TE https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423051993178-SMS1FG411X78WZFXOWKB/Dollarphotoclub_62762568.jpg Bunvenit https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423492702808-1FTY6O89GHZRXC7LKLAL/image-asset.png Bunvenit https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423493191143-TK160T9DGX6Z5D73A4CK/Brands.jpg Bunvenit https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423493205377-TYFV9SN03H3WC7XMFQZW/Asset-Management.jpg Bunvenit https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1629553951730-MWFTU58MTROC5A96VL1E/imag-nrds_remaster.jpg Bunvenit https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/25ef9308-a272-4df3-9fe4-7a3bfe125902/ChatGPT+Image+Apr+8%2C+2025%2C+11_18_47+AM.png Bunvenit https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423043619611-79XQNC3ZBWSLQLP74GJX/Selection_of_loose_candy.jpg Bunvenit https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423149646415-EBI4U5R5331ZE5CAVH53/chef.jpg Bunvenit https://fivestar-hospitality.ro/despre daily 0.75 2025-03-27 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423150563022-SQDEPCINKCOUN9DC19P8/Blanc.jpg DESPRE NOI https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1629553854247-XRAT7BBPPRBRBZ4ROCAV/imag-nrds_remaster.jpg DESPRE NOI - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423150578695-6UNL4TEA5Z5PD9UBRD6Q/Blanc.jpg DESPRE NOI https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426243173244-VJIJ0KPYVIWXGL7C4DKW/woodenescal.jpg DESPRE NOI https://fivestar-hospitality.ro/portfolio daily 0.75 2025-02-07 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426079412636-38AHCLCV11NB9LJ4XE7V/image-asset.png PORTFOLIO For Horwath HTL, SEE: Hospitality Asset Management Plan, brand selection and negotiation for a group of companies in Chisinau, Republic of Moldova – Q3&4 2011 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426076604552-5NSCQWNXVAO13F6KZ8B3/bluehouse_logo.jpg PORTFOLIO Prefeasibilty study hotel in Bucharest – Q2 2014 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612361485999-MC8JZKWO33MAMEG3OIO2/PoianaBv.jpg PORTFOLIO Prefeasibility study for a ski conference and spa resort in Poiana Brasov - Q1&2 2020 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1547107286571-YYP6SNNQ2DIJSFYI68X9/Cioplea.jpg PORTFOLIO Sell-side valuation of a historical mountain resort, determining the minimum asking price - BELVEDERE (CIOPLEA) HOTEL PREDEAL/ 135 keys - Q3,4 2017 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426079773165-CRAQNQVDXQMU7IZMZ5A9/image-asset.png PORTFOLIO Prefeasibility study hotel in Pitesti – Q4 2011 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426080875984-NNC8DBUJ158VHWOXF467/MMB.png PORTFOLIO F&B reopening for Guesthouse St. Nicholas in Iasi (METROPOLIS OF MOLDAVIA AND BUKOVINA) – Q2-Q3 2014 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1489155629133-7M1Z07IB0KLDZUJ4JB9M/AgoraLogo.png PORTFOLIO Business Plan assuming the renovation and repositioning of the congress and events center AGORA in Iasi - 2017 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1477038015091-SYYS5ANPPRE8THUYCGC7/image-asset.jpeg PORTFOLIO Study for the adjustment of the preliminary development concept of a greenfield mountain resort close to Valea Prahovei / prefeasibility study for the main destination hotel – 2015...2016 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426081225705-5ZI2LBTNJ7E1RZCCKJZ4/Financial+calculator.jpg PORTFOLIO Feasibility study hotel in Bucharest (FUTURE INVEST) – Q4 2011 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/eed6fab6-5fb0-4fb1-8e16-640800413c33/USALI.jpeg PORTFOLIO - Make it stand out for ARO PALACE S.A.: Implementation of financial reporting USALI 11th edition - 2022/2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1547110461663-DRCIAMQT9843UT1GSKP8/Mamaia_Sat.jpg PORTFOLIO Buy-side brokerage and transaction assistance for a small hotel in Mamaia Sat - Q2 2018 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/88f0c209-c726-4362-a923-c81bad580339/CoverSWH.jpg PORTFOLIO - Make it stand out Brand selection/ franchise agreement, SWISSOTEL POIANA BRASOV – 114 keys - 2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1477038163204-NBLI7NFORR0S8729OXM2/image-asset.png PORTFOLIO Prefeasibility study/strategy for a hotel in Bucharest northern area – 2016 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612441362743-AEVY07EEKHMDCQLROH1R/chrome_HpOsEF9FVC.jpg PORTFOLIO Prefeasibility and later on feasibility study for the conversion of a building on Calea Victoriei boulevard in Bucharest / hotel brand selection and contract negotiation - Q4 2019 - 2020 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426088742741-JJMV24L81SIHNO814BGT/Iezer.jpg PORTFOLIO Market research, master planning a greenfield ski resort in Iezer-Papusa mountain (IEZER TURISM): Dec 2005 -May 2006 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426083106693-D50D88CWXZIONKFT3UO1/image-asset.jpeg PORTFOLIO For Horwath HTL: prefeasibility for the hotel component of new Valea Prahovei resort masterplan in connection with Cantacuzino Castle, Sept-Nov 2010 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612359653901-PGYPDG0OO85CSKM9EABK/Novotel.jpg PORTFOLIO Bucharest hotel submarkets analysis to reveal potential for development at different positioning levels - ACCOR HOTELS ROMANIA - Q2 2019 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426086754536-2MTG03FTVIFGQV52SVKE/National+Arena.png PORTFOLIO Prefeasibility study 4* National Arena Hotel: May 2009; https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426087492133-8KTR8DEXAAVQNC3LW18W/image-asset.jpeg PORTFOLIO Prefeasibility study 3 * hotel in Timisoara: Sep 2008 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/2bc5ca02-da9a-4980-9d5e-057ddf445b1b/CoverOpera.jpg PORTFOLIO - Make it stand out Strategic assistence, OPERA Hotel, TIMISOARA – 118 keys - Q4 2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426078437855-11HVSY9O72OKJWCWJH90/image-asset.png PORTFOLIO Feasibility study – Ploiesti – Q1 2013 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612360449269-YGCLUBNRZF9UEWPWJAIM/20180530_124413.jpg PORTFOLIO Sell-side brokerage and transaction assistance for TRIANON hotel (42keys) in Bucharest - Q3 2019 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426085367448-AHJXSBZ05IOV7VVQL0FZ/IREN.jpg PORTFOLIO Prefeasibilty study hotel in Bucharest (HBC Development) – Q1 2014 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426077943412-ZEF2AXQ656121JRCV8YN/SiglaTSB_finala.png PORTFOLIO Prefeasibilty study hotel in Bucharest – Q4 2013 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1477037921000-M8UM9E5EKUXTPSPH0JO6/image-asset.jpeg PORTFOLIO Due diligence for legal hotel classification in Bucharest – 2015 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612337780366-2XUF6D59BI8EJVIYRLCY/Poza+Cautis+pt+web.jpg PORTFOLIO Buy-side valuation of a mountain resort, determining the maximum bid price - CAUTIS (later CARPAT INN) AZUGA /35 keys - 2017 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426087749292-C7LQ25URF7GBTGZI2UDU/image-asset.jpeg PORTFOLIO Prefeasibility study, technical standards, architect supervision, concept implementation support 4 * hotel in Petrosani (Sif Banat Crisana): Oct 2007 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426081981678-198CHJ72IYILI1C6TDSD/image-asset.jpeg PORTFOLIO Dec 2009 - Jun 2010, for THR-TNS consortium, Spain: local coordination, Creation of Romania Tourism brand. https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/c183ec13-4aa7-4828-9eb1-7fbef6494acd/CaptionDacia.png PORTFOLIO - Make it stand out Prefeasibility Study for DACIA Hotel, CHISINAU - 94 keys - Q3 2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612362026573-1B36LRZFH0JAYN6OGW41/seniorcare.jpg PORTFOLIO Buy-side brokerage and transaction assistance in Bucharest for an international senior care facilities operator - Q4 2020 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/eed6fab6-5fb0-4fb1-8e16-640800413c33/USALI.jpeg PORTFOLIO - Make it stand out for IAKI HOTEL: Updating of financial reporting from USALI 9th to USALI 11th edition - 2022/2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/6213c6c5-9229-4561-b5f1-923b16a101e6/Covasna.jpeg PORTFOLIO - Make it stand out REPOSITIONING CONCEPT of CAMPING VALEA ZANELOR, COVASNA - 2021 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/a79bc7d9-2fb9-4b56-a75e-ec25c2228b0f/20_big.jpg PORTFOLIO - Make it stand out Prefeasibility study/ Brand selection/ negotiation of the franchise agreement, MICRON, CHISINAU – 200 keys - 2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426076863765-MXWS9S2HJZCEU0JIWNDO/Avrig.jpg PORTFOLIO Prefeasibilty study hotel in Bucharest, operator selection – Q4 2014 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1489155357627-Q4BHXQYILRVCKFCY51Y4/image-asset.png PORTFOLIO Prefeasibility study, management contract negotiation - Ibis Styles Bucharest City Center /160 keys (DENTOTAL HOSPITALITY SRL) – 2016 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1547107813648-C43M8AU68SOTH9DK6Z50/Orbis+Accor.jpg PORTFOLIO Independent opinion on Bucharest sub-market entry strategy - Q4 2017 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426083591599-R3O9HLFM3BIILIBK6EFI/image-asset.jpeg PORTFOLIO Prefeasibility for an internationaly branded airport hotel in Cluj Napoca, 2010..2015 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/7d946f81-9364-4b87-b798-84f47def9754/93ddcfb7-6305-4a72-83cd-d0c5f61e7d9b.jpg PORTFOLIO - Make it stand out Positioning study COROANA DE AUR HOTEL, BRASOV - 2022 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426088382425-QAU7VE78VBAMYXQHQGTT/image-asset.jpeg PORTFOLIO Prefeasibility study, technical standards, 3 * hotel in Moldova Noua (UCM Resita): May 2006 - july 2007 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426084217480-TO1HF3KOC5X1Y05HRHRF/Hampton.jpg PORTFOLIO Feasibility study for HAMPTON by Hilton Cluj Napoca (FUTURE INVEST), Jun 2010 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426078707537-MWW8FBE2ACU6V97DMB51/Mercure.jpg PORTFOLIO Prefeasibility study, operator selection and management contract negotiation - Mercure Bucharest City Center /114 keys (DENTOTAL INVESTMENT SRL) – 2012...2015 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/7e434501-8626-4308-a20b-1273e307592e/Aro_Palace-e1676560857358-1024x661.jpg PORTFOLIO - Make it stand out for HORWATH HTL: Strategic asset management plan of ARO PALACE S.A. - 2021 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426082142748-IECCVMK90CTE0O8LC3RA/image-asset.png PORTFOLIO Dec 2010 - Feb 2011, for Horwath HTL, SEE: local coordination, Strategic and Operational Marketing Plan for Romania 2011 - 2015 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426086153409-3CX468T5H1SCRKWBGCZ3/coresi-business-park-md.jpg PORTFOLIO Prefeasibility study 4* hotel as a part of the mixed use 140ha project in Brasov (Coresi Business Park): June 2009 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426087158098-RZFD2R8YG82LPHZMV77L/image-asset.jpeg PORTFOLIO Management agreement negotiation Bucharest hotel: Jul 2008 - Feb 2009 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426088163135-URH8EWD2TDS4TT763V6E/Doubletree.jpg PORTFOLIO Prefeasibility study, technical standards, architecture support in implementation/modification of the concept, selection of the brand and commercial negotiation support in the signing of the management agreement for Doubletree by Hilton / 147rooms hotel in Oradea (Sif Banat Crisana): Oct 2007 – 2010 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426088892359-3UEXD9U6HXG9YFW6NAOP/IAKI.jpg PORTFOLIO Asset management, negotiation with international hotel groups, operations performance improvements, reporting/budgeting USALI, IAKI Hotel Mamaia: Jan 2004 - to date https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1547108343832-DST9D53EYVLM8YZ05PTD/danubedelta.jpg PORTFOLIO Buy-side brokerage and transaction assistance for a small island in the Danube Delta - Q1 2018 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/b5357d29-060c-49e2-9728-f31ec3907a14/Screenshot+2024-01-30+095448.jpg PORTFOLIO - Make it stand out Financial Feasibility calculations for Ibis Styles hotel in Brasov located next to Polivalenta Hall - Q2 2022 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426085808035-G28G8KX9DI26MXHSOM3X/Polisano.jpg PORTFOLIO Prefeasibility study with concept restructuring for a 4/5* hotel in Sibiu (Polisano), June 2009 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612359905942-BQ7O7QIKCJ9HD3UWCOKE/Phoenicia.png PORTFOLIO Feasibility study for bank financing to bring back the famous resort Amfiteatru Belvedere Panoramic located in Olimp on the Romanian Black Sea Coast - PHOENICIA BLUE VIEW RESORT / 769 keys - Q3 2019 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612338467657-D8O18ZRCVHF26F056CEH/HGIairport.jpg PORTFOLIO Feasibility study for bank financing - APEX ALLIANCE / 218 keys - Q3 2018 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426082575188-ANKVOAQQ8CPDY7A21PDA/Bench.jpg PORTFOLIO BENCHMARKING REPORT: independent hotel statistics in Bucharest since 2009 and Cluj Napoca 2011 – 2014 monthly reports (similar service to STR Global) https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423221217076-19QZ0MNAZ9TBE20ZTK9H/gallery.jpg PORTFOLIO https://fivestar-hospitality.ro/contact daily 0.75 2023-01-27 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/d78ac926-1bb1-4e82-be43-c58a3b6b45b6/web-DSC04181.jpg CONTACT US - BUCHAREST 19 Ficusului Rd, ap.7, Sector 1, 013972 Bucharest, ROMANIA https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423229634102-KKBIANQC8FLS0CS6G2VC/contactus.jpg CONTACT US https://fivestar-hospitality.ro/contact-ro daily 0.75 2023-01-27 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/d78ac926-1bb1-4e82-be43-c58a3b6b45b6/web-DSC04181.jpg CONTACT - BUCURESTI bulevardul Ficuslui 19, ap.7, sector 1 013682 Bucuresti, ROMANIA https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423229634102-KKBIANQC8FLS0CS6G2VC/contactus.jpg CONTACT https://fivestar-hospitality.ro/about-us daily 0.75 2025-03-26 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1629553951730-MWFTU58MTROC5A96VL1E/imag-nrds_remaster.jpg ABOUT US - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423150578695-6UNL4TEA5Z5PD9UBRD6Q/Blanc.jpg ABOUT US https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423150563022-SQDEPCINKCOUN9DC19P8/Blanc.jpg ABOUT US https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426242972567-TIZY46JRKBWW9V32AD59/woodenescal.jpg ABOUT US https://fivestar-hospitality.ro/what-we-do daily 0.75 2025-03-27 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423220094643-AJ82U56IBZ3ZOWS2B6NR/bald-eagle-2.jpg WHAT WE DO https://fivestar-hospitality.ro/ce-facem daily 0.75 2025-03-27 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423220094643-AJ82U56IBZ3ZOWS2B6NR/bald-eagle-2.jpg CU CE NE OCUPAM https://fivestar-hospitality.ro/portofoliu daily 0.75 2025-02-07 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426084217480-TO1HF3KOC5X1Y05HRHRF/Hampton.jpg PORTOFOLIU Studiu fezabilitate pentru HAMPTON by Hilton Cluj Napoca (FUTURE INVEST), Iun 2010 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426087749292-C7LQ25URF7GBTGZI2UDU/image-asset.jpeg PORTOFOLIU Studiu de fezabilitate cu realizare concept, bucătărie, standarde tehnice, supervizare arhitect, asistenta implementare concept - hotel in Petrosani : Oct 2007 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612362026573-1B36LRZFH0JAYN6OGW41/seniorcare.jpg PORTOFOLIU Intermediere si asistenta la tranzactionare pe partea cumparatoare, in Bucuresti, pentru un operator international de facilitati de ingrijire a seniorilor - Q4 2020 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426082142748-IECCVMK90CTE0O8LC3RA/image-asset.png PORTOFOLIU Dec 2010 - Feb 2011, pentru Horwath HTL, SEE: coordonare locala, Plan marketing strategic si operational Romania 2011 – 2015 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426087158098-RZFD2R8YG82LPHZMV77L/image-asset.jpeg PORTOFOLIU Negociere contract de management hotel in Bucuresti: Iun 2008 - Feb 2009 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426076863765-MXWS9S2HJZCEU0JIWNDO/Avrig.jpg PORTOFOLIU Studiu de prefezabilitate hotel in Bucucuresti, selectie operator – T4 2014 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612338312328-YXH7WGTMS802YUF5M9RC/HGIairport.jpg PORTOFOLIU Studiu de fezabilitate in vederea obtinerii finantarii bancare - APEX ALLIANCE / 218 chei - T32018 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426081225705-5ZI2LBTNJ7E1RZCCKJZ4/Financial+calculator.jpg PORTOFOLIU Studiu fezabilitate hotel in Bucucuresti (FUTURE INVEST) – T4 2011 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426088892359-3UEXD9U6HXG9YFW6NAOP/IAKI.jpg PORTOFOLIU Asset management, negociere cu grupurile hoteliere internationale, imbunatatire performante operationale, raportare/bugetare USALI, IAKI Hotel Mamaia: Ian 2004 - pana in prezent https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426087492133-8KTR8DEXAAVQNC3LW18W/image-asset.jpeg PORTOFOLIU Studiu prefezabilitate hotel in Timisoara: Sep 2008 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1477038502966-L4RKUXNZDN5EZB02YTKB/image-asset.jpeg PORTOFOLIU Servicii tip due diligence in vederea clasificării unui hotel din Bucuresti – 2015 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426083106693-D50D88CWXZIONKFT3UO1/image-asset.jpeg PORTOFOLIU Pentru Horwath HTL: studii prefezabilitate pentru componentele hoteliere ale unei noi statiuni pe Valea Prahovei realizata pe domeniul Castelului Cantacuzino, Sept-Noi 2010 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426088163135-URH8EWD2TDS4TT763V6E/Doubletree.jpg PORTOFOLIU Studiu de fezabilitate cu revizie de concept, bucătărie, standarde tehnice, asistentă arhitect în implementare/modificare concept, căutare brand și asistență în semnarea unui contract de management Doubletree by Hilton/ 147camere din Oradea (SIF BANAT CRISANA): Octombrie 2007 - 2010 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426081981678-198CHJ72IYILI1C6TDSD/image-asset.jpeg PORTOFOLIU Dec 2009 - Iun 2010, pentru consortiul THR-TNS din Spania: coordonare locala, Realizarea brandului turistic al Romaniei. https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426088382425-QAU7VE78VBAMYXQHQGTT/image-asset.jpeg PORTOFOLIU Studiu prefezabilitate, standarde tehnice, hotel in Moldova Noua (UCM Resita): Mai 2006 - Iul 2007 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612361485999-MC8JZKWO33MAMEG3OIO2/PoianaBv.jpg PORTOFOLIU Studiu de prefezabilitate pentru un resort de ski conference si spa in Poiana Brasov - Q1&2 2020 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426086153409-3CX468T5H1SCRKWBGCZ3/coresi-business-park-md.jpg PORTOFOLIU Studiu prefezabilitate hotel in cadrul ansamblului imobiliar mixt pe 140ha din Brasov (Coresi Business Park): Iun 2009 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1547113909369-SMHZN65D7H2EFGR1BSSI/Orbis+Accor.jpg PORTOFOLIU Opinie independenta cu privire la intrarea pe o sub-piata a Bucurestiului - Q4 2017 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426079773165-CRAQNQVDXQMU7IZMZ5A9/image-asset.png PORTOFOLIU Studiu prefezabilitate hotel in Pitesti – T4 2011 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1477038538278-8AO0SF50JKMZ7W7SMFUL/image-asset.jpeg PORTOFOLIU Studiu pentru ajustarea conceptului de dezvoltare preliminar al unei noi destinatii turistice montane in apropiere de Valea Prahovei / studiu prefezabilitate hotel principal – 2015...2016 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/6213c6c5-9229-4561-b5f1-923b16a101e6/Covasna.jpeg PORTOFOLIU - Make it stand out STUDIU REPOZITIONARE CAMPING VALEA ZANELOR, COVASNA - 2021 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426076604552-5NSCQWNXVAO13F6KZ8B3/bluehouse_logo.jpg PORTOFOLIU Studiu prefezabilitate hotel in Bucuresti – T2 2014 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/88f0c209-c726-4362-a923-c81bad580339/CoverSWH.jpg PORTOFOLIU - Make it stand out Selectie brand / contract franciza, SWISSOTEL POIANA BRASOV – 114 camere - 2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/7d946f81-9364-4b87-b798-84f47def9754/93ddcfb7-6305-4a72-83cd-d0c5f61e7d9b.jpg PORTOFOLIU - Make it stand out Studiu de pozitionare HOTEL COROANA DE AUR, BRASOV https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1489156807327-43LRSWDUBYHLKRLGTARO/image-asset.png PORTOFOLIU Plan de afaceri pentru renovare si repozitionarea centrului de congrese si evenimente AGORA din Iasi - 2017 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426085367448-AHJXSBZ05IOV7VVQL0FZ/IREN.jpg PORTOFOLIU Studiu prefezabilitate hotel in Bucuresti (HBC Development) – T1 2014 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1489156890777-GGJT7PZBJWHQTO53LIP2/image-asset.png PORTOFOLIU Studiu de prefezabilitate, negociere contract de management - Ibis Styles Bucharest CIty Center / 160 keys ( DENTOTAL HOSPITALITY SRL) – 2016 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/eed6fab6-5fb0-4fb1-8e16-640800413c33/USALI.jpeg PORTOFOLIU - Make it stand out pentru ARO PALACE S.A.: Implementare USALI editia 11 - 2022/2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426077943412-ZEF2AXQ656121JRCV8YN/SiglaTSB_finala.png PORTOFOLIU Studiu prefezabilitate hotel in Bucuresti – T4 2013 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426083591599-R3O9HLFM3BIILIBK6EFI/image-asset.jpeg PORTOFOLIU Studiu prefezabilitate pentru un hotel de aeroport in Cluj Napoca, 2010..2015 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426088742741-JJMV24L81SIHNO814BGT/Iezer.jpg PORTOFOLIU Cercetare de piața, studiu de prefezabilitate, master plan pentru dezvoltarea unei stațiuni de ski in Masivul Iezer-Papușa (IEZER TURISM S.A.): Decembrie 2005 -Mai 2006 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1477038600037-TALFFNFGKEOBYIXB4RJV/image-asset.png PORTOFOLIU Studiu de prefezabilitate/strategie pentru dezvoltarea unui hotel in Bucuresti zona de nord – 2016 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1547113930382-HUN3UCSUCECFMHBTT4R0/Mamaia_Sat.jpg PORTOFOLIU Intermediere si asistenta la tranzactionare pe partea cumparatoare pentru un mic hotel in Mamaia Sat - Q2 2018 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/2bc5ca02-da9a-4980-9d5e-057ddf445b1b/CoverOpera.jpg PORTOFOLIU - Make it stand out Asistenta strategica, Hotel OPERA, TIMISOARA – 118 camere - T4 2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/b5357d29-060c-49e2-9728-f31ec3907a14/Screenshot+2024-01-30+095448.jpg PORTOFOLIU - Make it stand out Calcule de fezabilitate financiara pentru Ibis Styles Brasov, langa Sala Polivalenta - 125 camere - T2 2022 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426078707537-MWW8FBE2ACU6V97DMB51/Mercure.jpg PORTOFOLIU Studiu de prefezabilitate, selecție și negociere cu operatorul - Mercure Bucharest City Center /114 camere (DENTOTAL INVESTMENT SRL) – 2012...2015 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/c183ec13-4aa7-4828-9eb1-7fbef6494acd/CaptionDacia.png PORTOFOLIU - Make it stand out Studiu prefezabilitate DACIA Hotel, CHISINAU - 94 camere - T3 2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612441362743-AEVY07EEKHMDCQLROH1R/chrome_HpOsEF9FVC.jpg PORTOFOLIU Studiu de prefezabilitate si mai tarziu de fezabilitate pentru conversia unei cladiri pe Calea Victoriei / selectie brand hotelier si negociere de contract - Q4 2019 - 2020 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612359653901-PGYPDG0OO85CSKM9EABK/Novotel.jpg PORTOFOLIU Analiza subpietelor hoteliere pentru determinarea potentialului de dezvoltare hoteliera pe diferite niveluri de pozitionare - ACCOR HOTELS ROMANIA - Q2 2019 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426082575188-ANKVOAQQ8CPDY7A21PDA/Bench.jpg PORTOFOLIU BENCHMARKING REPORT: statistici hoteliere independente în București si Cluj Napoca – 2009...2014 (serviciu lunar similar STR Global) https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612360449269-YGCLUBNRZF9UEWPWJAIM/20180530_124413.jpg PORTOFOLIU Intermediere si asistenta la tranzactionare pe partea vanzatoare pentru hotel TRIANON din Bucuresti (42 chei) - Q3 2019 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1547113894413-ZAKA0YEH860QLB19F1X8/Cioplea.jpg PORTOFOLIU Evaluare comandata de partea vanzatoare pentru un hotel montan istoric, determinarea pretului minim acceptabil / 135 chei - Q3,4 2017 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612359905942-BQ7O7QIKCJ9HD3UWCOKE/Phoenicia.png PORTOFOLIU Studiu de fezabilitate in vederea obtinerii finantarii bancare pentru readucerea pe piata a complexului Amfiteatru Belvedere Panoramic din Olimp - PHOENICIA BLUE VIEW RESORT / 769 chei - Q3 2019 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/7e434501-8626-4308-a20b-1273e307592e/Aro_Palace-e1676560857358-1024x661.jpg PORTOFOLIU - Make it stand out pentru HORWATH HTL: Strategia si planul de management al activelor hoteliere ARO PALACE S.A. - 2021 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1612337984454-5VY7WPG4FI73OHCXFCA0/Poza+Cautis+pt+web.jpg PORTOFOLIU Evaluare comadata de partea cumparatoare pentru un resort, determinarea pretului maxim ofertabil - CAUTIS (in prezent CARPAT INN) AZUGA / 35 chei - 2017 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426086754536-2MTG03FTVIFGQV52SVKE/National+Arena.png PORTOFOLIU Studiu prefezabilitate National Arena Hotel: Mai 2009; https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/eed6fab6-5fb0-4fb1-8e16-640800413c33/USALI.jpeg PORTOFOLIU - Make it stand out pentru IAKI HOTEL: Actualizare raportare financiara de la USALI editia a 9-a la editia 11 - 2022/2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/a79bc7d9-2fb9-4b56-a75e-ec25c2228b0f/20_big.jpg PORTOFOLIU - Make it stand out Studiu prefezabilitate/ Selectie brand/ Negocierea contractului de franciza, MICRON, CHISINAU – 200 camere - 2023 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426085808035-G28G8KX9DI26MXHSOM3X/Polisano.jpg PORTOFOLIU Studiu prefezabilitate hotel 4/5* in Sibiu (POLISANO), Iun 2009 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426078437855-11HVSY9O72OKJWCWJH90/image-asset.png PORTOFOLIU Studiu fezabilitate – Ploiesti – T1 2013 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426080875984-NNC8DBUJ158VHWOXF467/MMB.png PORTOFOLIU Redeschiderea activitaților F&B pentru Casa de oaspeți Sf. Nicolae din Iași (MITROPOLIA MOLDOVEI SI BUCOVINEI – T2-T3 2014 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1547113920292-49NBQHJAD5A8N269GIFS/danubedelta.jpg PORTOFOLIU Intermediere si asistenta la tranzactionare pe partea cumparatoare pentru o mica insula in Delta Dunarii - Q1 2018 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1426079412636-38AHCLCV11NB9LJ4XE7V/image-asset.png PORTOFOLIU Pentru Horwath HTL, SEE: Planul de management al activelor hoteliere, selecție și negociere brand internațional pentru un grup de companii din Chișinău, Republica Moldova – T3&4 2011 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1423221217076-19QZ0MNAZ9TBE20ZTK9H/gallery.jpg PORTOFOLIU https://fivestar-hospitality.ro/academy daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/989943a9-c3ec-43d5-b215-e743712189d6/sky_storm_excellent_weather.png ACADEMY - Sensitivity and scenario analysis Sensistivity vs. Scenario; Base case scenario; Best case scenario; Worst case scenario; Monte Carlo simulations https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/d30402e5-9043-463e-9b9e-7b680320e793/cvp.jpg ACADEMY - Price, cost concepts, CVP analysis Variable/Fixed Costs; Direct/Indirect Costs; Step costs; splitting Mixed costs methods; Hi/Low method; Regression analysis; USALI; Simple allocation base approach (SABA); Multiple allocation base approach (MABA); Cost - Volume - Profit Analysis/ Break Even Analysis; Contribution margin; Operating Leverage (high/low) https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/83f54006-3a5c-49cd-8723-d806ae152e78/Caterina.jpeg ACADEMY The course is a valuable tool for anyone who would like to gain deeper understanding of the financial aspect of hospitality and would like to pursue a career in this field. I have never been a numbers’ person, so taking this course seemed like a though challenge from the start. Nevertheless, I understood everything and to my surprise, I actually enjoyed it. Professor Alexandru S. Ionescu had a very calm way of explaining while providing us a lot of relevant examples. Caterina Gheorgsdottir (Strauneanu), shift manager Krónan, Iceland https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/9b7914ca-e467-46e1-9e09-b76571ee6eb4/financial-analysis.jpg ACADEMY - Analysing fin. statements/ Financial ratios Short term solvency/liquidity; Long term solvency; Asset management ratios; Inventory turnover; Receivables turnover; Payables turnover; Assets turnover; Days Inventory outstanding; Days sales outstanding (average collection period); Days payable outstanding (average payment period); Operating cycle/Cash conversion cycle; Profitability and Market Value Ratios; Internal growth; Sustainable growth https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/3f39fc11-f666-4494-adb2-9e622b524133/AndreeaBucoveanu.jfif ACADEMY The course is very well structured and each chapter provides added value. With the help of the course, I was able to understand much better the hotel business, the specific KPIs and the decisions that can be made based on the numbers. I have successfully applied the theoretical and practical concepts of the course in the business lending activity. Andreea Branzoiu, Economist, Senior Risk Officer Raiffeisen Bank Romania https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/75819dab-c25b-4993-b595-638a2a48ce14/MirceaConstantin.jfif ACADEMY Mr. Alexandru Ionescu was my teacher in Financial Management during my MSc and it was one of the most enjoyable classes. Mr. Ionescu has the ability to facilitate learning through interesting and stimulating real life experiences. His proffesional experience on the financial field allowed him to provide real life cases which can be implemented right away in any business.I would not think twice about recommending his courses to any peers. Mircea Constantin, Director of Sales and Marketing, IC Revenue Management https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/b8c0d1a9-0aae-4bd3-93a2-ca7c29f15c7c/CalatinStefan.jfif ACADEMY I followed the financial management course of Mr. Alexandru Sorin Ionescu and I was extremely impressed by the information received and the knowledge gained. The course helped me develop my financial management skills, particularly in terms of understanding budgets and asset management. The training I received in this course helped me improve my financial skills considerably and become better at planning and allocating resources. I recommend this financial management course to anyone who wants to improve their financial knowledge. Catalin Stefan, GM Capital Plaza Hotel https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/fae02a45-d916-4895-a7ba-649d5cc245e3/jungle+forest.png ACADEMY - Overview / Financial Environment Money & Capital markets; Investmetns; Business Finance; Market players; Securities; Bond Equity Derivative markets; Futures; Options; CDS; IRS; Interest rates; Yiled curves https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/da525fbd-3f1f-4595-a95c-ab5b020d744d/orangeharvest.jpg ACADEMY - Value creation/ enhancement Economic profit; Economic value added (EVA); Adjusted Present Value (APV); unlevered cost of equity; levered comapny vs. unlevered company; tax shileds; Value of the firm (components) . https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/26d24fe2-fa6f-4e7e-9b71-e1fbdb5efc3c/AndreeaLoga.JPG ACADEMY A very beneficial course for my career with a lot of valuable information! I acquired knowledge and skills that helped me in making correct and profitable managerial decisions. I liked the fact that I was presented with concrete examples, and the approach of Mr. Alexandru Ionescu simplified and correlated the information, turning a difficult course with many calculation formulas into a pleasant and very practical one. A complex, very well structured course that helps you develop a smart business plan. Andreea Loga, marketing manager Apollo Wellness Club https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1284aef1-a985-431d-a796-64b27836da81/StefanIon.png ACADEMY I would like to sincerely applaud Mr. Alexandru -Sorin Ionescu for sharing such advanced knowledge, experience, and skill via its new online platform and pedagogical preparation. I was enrolled in the Financial Management class of Mr. Ionescu in 2021, and because of his lessons, I managed to graduate with Distinction for my MSc in International Hotel Business Management. I cannot reccommend this course enough! Stefan Ion - Group Recruitment Executive, Ireland https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/ecb17800-98eb-4c19-8dbe-c0dae217ba39/dollar_bill_decaying.png ACADEMY - Time value of money Future value; Compounding; Present value; Discounting; Discount rate; Annual vs. Effective rate; Discrete/continuous compounding; Annuities; Perpetuities https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/080abe52-fb9c-41f8-95da-567dc8754ec7/balance-sheet.jpg ACADEMY - Financial statements Fundamental objectives of Financial Management; Accountng vs. Finance; Balance sheet; Income statement; Statement of cash flow; Horizontal analysis; Vertical analysis; Working capital; Working capital requirements; the Uniform System of Accounts of the Lodging Industry (USALI); Cashflows from Operating Activities; Cashflows from Investing Activities; Cashflows from Financing Activities; Direct/Indirect Cashflow Statements https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/618b82c1-5b43-47af-bdb8-cffbed1860fc/valuation.jpg ACADEMY - Valuation techniques Discounted Cash-Flow Valuation; Net Present Value (NPV); Free Cash Flow; Residual/Horizon/Terminal Value; ordinary perpetuities; growing of declining perpetuities; Investment criteria; Payback rule; Adjusted payback rule; Accounting return; NPV; Internal rate of return (IRR); Modified IRR (MIRR) https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/75ceac87-593e-4666-820e-e4f76afaa331/Header.jpeg ACADEMY - What you get when you enroll Lifetime access to the Financial Management course with Alexandru-Sorin Ionescu Access to taking a Quiz with 16 questions that unlocks your right to the FIVESTAR HOSPITALITY ACADEMY Certificate Supporting materials including Lecture powerpoint slides, excel files, advanced lecture note, full textbook, full accounting course, articles, case studies, resource links for easy reviewing and deeper dive A spot in the Financial Management student community through your private membership platform. https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/f3b961bb-3bf7-43df-bf87-55f5e553d149/ClareVasta.jpg ACADEMY Alexandru-Sorin Ionescu has developed a learning programme that successfully ushers learners into the financial management space. From novices (like myself) to those more proficient in the art of accountancy and allied disciplines, his carefully crafted modules allow participants to gain the specific knowledge required in the world of work. His delivery is engaging and informative and as a tutor, he connects well with his learners. I would recommend this programme to anyone seeking real world skills in the fundamentals of financial management. Clare Vasta, ex lecturer University of Johannesburg York, UK https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/23811cac-3ef2-4886-9ddd-da868dcd5095/AndreaGeorgianaStefan.jpg ACADEMY I am grateful for coming across such an expert into the field of finances, a professional who skillfully made theoretics not only come into existence, but seamlessly blend into my daily routine as I realized that the core and substance of any organization has, in the end, financial fundamentals. I wish you the best of luck in sharing your knowledge with more and more people and I thank you for all the effort that you put into this enriching curriculum. Andrea-Georgiana Stefan, Rooms Operations Voyager, Budapest Marriott Hotel https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/bd4fecd4-631e-4b68-80dd-e5af9fe1c674/imag-nrds_remaster.jpg ACADEMY - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/2f61d580-ecfb-4048-977d-aedad7ad6d29/TeodorBirsa.jpg ACADEMY Before taking the course, I felt that my financial knowledge was somewhat sparse in several areas. The course material turned out to be exactly what I needed. This course has proven useful for my career by helping me better understand the financial undergrounds of the hotels that I was managing. I strongly recommend the Financial Management course to any administrative employee, but especially for individuals who are heading towards career advancement. Teodor Birsa, General Manager / Project Manager, Bucharest / Chisinau https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/6660536e-1c7b-4d59-85ee-613cb578b481/IoanaBosanceanu.jfif ACADEMY The Financial Management course made me truly understand what is behind a hotel top management job as we offen offer hospitality services without thinking about figures, P&L, EBIDA, balance sheet, etc. I strongly believe that, all middle managers are thinking about this kind of an approach to this field that sheds light on the twisted information of numbers and brings understanding to daily actions. I consider the course as adding value to any employee in the hospitality industry who wants to understand and complete their knowledge of hotel management, and I believe it is a mandatory study material for any manager or future investor in the hospitality industry. Ioana Bosanceanu, entrepreneur in Hospitality https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/c43e6926-6581-4e5c-b1e8-3b06a4ab8959/WACC.jpg ACADEMY - Cost of capital The weighted average cost of capital; Cost of equity; Cost of debt; Dividend growth model; Capital asset pricing model; Beta (levered beta); Investment projects; https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/b9abba87-2b9c-425d-96c1-b5ede6a4d12f/ASIlarge.jpg ACADEMY - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/9a0b5589-0c5c-495a-b5c9-6cd4df7857ca/Budgeting.jpeg ACADEMY - Long term planning Internal value drivers; Trend analysis; Variance analysis; External value drivers; Visual/Event analysis; Regression/Correlation analysis https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1674896183981-J98G7FLUCUQK369EIQ2U/Academy_banner.jpg ACADEMY https://fivestar-hospitality.ro/academia daily 0.75 2024-01-11 https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/c43e6926-6581-4e5c-b1e8-3b06a4ab8959/WACC.jpg ACADEMIA - COSTUL CAPITALULUI Costul mediu ponderat al capitalului; Costul capitalului propriu; Costul datoriei; Modelul de crestere a dividendelor; Modelul de pret al activelor de capital; Beta (beta cu efect de levier); Proiecte de investitii https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/bd4fecd4-631e-4b68-80dd-e5af9fe1c674/imag-nrds_remaster.jpg ACADEMIA - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/fae02a45-d916-4895-a7ba-649d5cc245e3/jungle+forest.png ACADEMIA - PREZENTARE GENERALA / MEDIUL FINANCIAR Piete monetare si de capital; Investitii; Finantarea afacerilor; Jucatori de pe piata; Valori mobiliare; Piete de obligatiuni, actiuni si produse derivative; Contracte futures; Optiuni; CDS; IRS; Ratele dobanzilor; Curbele de randament https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/26d24fe2-fa6f-4e7e-9b71-e1fbdb5efc3c/AndreeaLoga.JPG ACADEMIA Un curs foarte benefic pentru cariera mea cu multe informatii valoroase! Am dobandit cunostinte si abilitati care m-au ajutat sa iau decizii manageriale corecte si profitabile. Mi-a placut faptul ca mi-au fost prezentate exemple concrete, iar abordarea domnului Alexandru Ionescu a simplificat si corelat informatiile, transformand un curs dificil cu multe formule de calcul intr-unul placut si foarte practic. Un curs complex, foarte bine structurat care te ajuta sa dezvolti un plan de afaceri inteligent. Andreea Loga, marketing manager Apollo Wellness Club https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/080abe52-fb9c-41f8-95da-567dc8754ec7/balance-sheet.jpg ACADEMIA - SITUATII FINANCIARE Obiective fundamentale ale managementului financiar; Contabilitate vs. Finante; Bilant; Contul de profit si pierdere; Situatia fluxurilor de numerar; Analiza orizontala; Analiza verticala; Capitalul circulant net; Cerintele de capital circulant net; Sistemul uniform de conturi al industriei hoteliere (USALI); Fluxul de numerar din activitatea operationala; Fluxul de numerar din activitatea de investitii; Fluxul de numerar din activitatea financiara; Metoda directa/indirecta de constructie a fluxului de numerar https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/75819dab-c25b-4993-b595-638a2a48ce14/MirceaConstantin.jfif ACADEMIA Domnul Alexandru Ionescu a fost profesorul meu de Management Financiar in timpul masterului si a fost una dintre cele mai placute clase. Domnul Ionescu are capacitatea de a facilita invatarea prin experiente interesante si stimulative din viata reala. Experienta sa profesionala pe domeniul financiar i-a permis sa ofere cazuri reale care pot fi implementate imediat in orice afacere. Nu m-as gandi de doua ori sa ii recomand cursurile oricarui coleg din industrie. Mircea Constantin, Director of Sales and Marketing, IC Revenue Management, Radisson Blu Aurum Hotel, Brasov https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/75ceac87-593e-4666-820e-e4f76afaa331/Header.jpeg ACADEMIA - CE PRIMESTI CAND TE INSCRII Acces pe viata la cursul de Management financiar cu Alexandru-Sorin Ionescu. Acces la sustinerea unui test online cu 16 intrebari care va deblocheaza dreptul la Certificatul de absolvire al ACADEMIEI FIVESTAR HOSPITALITY. Materiale de suport, inclusiv slide-urile powerpoint ale cursului, fisiere excel, note de curs avansate ale cursului, manual complet, curs complet de contabilitate, articole, studii de caz, linkuri catre resurse pentru o revizuire usoara si o invatare mai profunda. Un loc in comunitatea studentilor in Management financiar prin platforma privata unde sunteti membru. https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/3f39fc11-f666-4494-adb2-9e622b524133/AndreeaBucoveanu.jfif ACADEMIA Cursul este foarte bine structurat si fiecare capitol aduce o valoare adaugata. Cu ajutorul cursului, am reusit sa inteleg mult mai bine afacerea hoteliera, indicatorii specifici si deciziile care se pot lua in functie de cifre. Am aplicat cu succes conceptele teoretice si practice ale cursului in activitatea de creditare a afacerilor. Andreea Branzoiu, Economist, Senior Risk Officer Raiffeisen Bank Romania https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/6660536e-1c7b-4d59-85ee-613cb578b481/IoanaBosanceanu.jfif ACADEMIA Cursul de Management Financiar m-a facut sa inteleg cu adevarat ce se afla in spatele unui job de top management hotelier, deoarece oferim adesea servicii de ospitalitate fara sa ne gandim la cifre, P&L, EBIDA, bilant etc. Cred cu tarie ca toti managerii intermediari se gandesc la acest fel de abordare a acestui domeniu care aduce lumina asupra informatiilor incurcate din lumea cifrelor si aduce intelegere actiunilor zilnice. Consider cursul ca adaugand valoare oricarui angajat din industria ospitalitatii care vrea sa inteleaga si sa isi completeze cunostintele de management hotelier, si cred ca este un material de studiu obligatoriu pentru orice manager sau viitor investitor in industria ospitalitatii. Ioana Bosanceanu, entrepreneur in Hospitality https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/989943a9-c3ec-43d5-b215-e743712189d6/sky_storm_excellent_weather.png ACADEMIA - ANALIZA DE SensiTIVITATE / SCENARII Sensitivitate vs. Scenariu; Scenariul cazului de baza; Scenariul cel mai bun; Scenariul cel mai rau; Simularea Monte Carlo https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/23811cac-3ef2-4886-9ddd-da868dcd5095/AndreaGeorgianaStefan.jpg ACADEMIA Sunt recunoscatoare ca am dat peste un expert in domeniul finantelor, un profesionist care a facut cu indemanare nu numai ca teoria sa prinda viata, ci si sa se integreze perfect in rutina mea zilnica, deoarece am realizat ca nucleul si substanta oricarei organizatii au, in final, fundamente financiare. Va doresc mult succes in impartasirea cunostintelor dumneavoastra cu tot mai multi oameni si va multumesc pentru tot efortul pe care l-ati depus in dezvoltarea acestui curriculum bogat. Andrea-Georgiana Stefan, Rooms Operations Voyager, Budapest Marriott Hotel https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/9b7914ca-e467-46e1-9e09-b76571ee6eb4/financial-analysis.jpg ACADEMIA - ANALIZA SITUATIILOR FINANCIARE/ INDICATORI Solvabilitate pe termen scurt/lichiditate; Solvabilitate pe termen lung; Indicatori de management al activelor; Rotatia stocurilor; Rotatia creantelor; Rotatia furnizorilor; Rotatia activelor; Zile de stocuri nevandute; Zile de vanzari neincasate (perioada medie de incasare); Zile de plati neefectuate (perioada medie de plata); Ciclul operational/Ciclul conversiei numerarului; Indicatori de profitabilitate si valoare de piata; Cresterea interna; Cresterea durabila https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/83f54006-3a5c-49cd-8723-d806ae152e78/Caterina.jpeg ACADEMIA Cursul este un instrument valoros pentru oricine doreste sa obtina o intelegere mai profunda a aspectului financiar al ospitalitatii si doreste sa urmeze o cariera in acest domeniu. Nu am fost niciodata o persoana a numerelor, asa ca urmarea acestui curs parea o provocare grea de la inceput. Cu toate acestea, am inteles totul si spre surprinderea mea, chiar mi-a placut. Profesorul Alexandru S. Ionescu a avut un mod foarte calm de a explica oferindu-ne multe exemple relevante. Caterina Gheorgsdottir (Strauneanu), shift manager Krónan, Iceland https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/b8c0d1a9-0aae-4bd3-93a2-ca7c29f15c7c/CalatinStefan.jfif ACADEMIA Am urmat cursul de management financiar al domnului Ionescu si am fost extrem de impresionat de informatiile primite si de cunostintele dobandite. Cursul m-a ajutat sa imi dezvolt abilitatile de management financiar, in special in ceea ce priveste intelegerea bugetelor si gestionarea activelor. Pregatirea pe care am primit-o in acest curs m-a ajutat sa imi imbunatatesc considerabil competentele financiare si sa devin mai bun la planificarea si alocarea resurselor. Recomand acest curs de management financiar oricui doreste sa isi imbogateasca cunostintele financiare. Catalin Stefan, GM Capital Plaza Hotel https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/ecb17800-98eb-4c19-8dbe-c0dae217ba39/dollar_bill_decaying.png ACADEMIA - valOAREA BANILOR IN TIMP Valoarea viitoare; Compunere; Valoarea prezenta; Actualizare; Rata de actualizare; Rata anuala vs. efectiva; Compunere discreta/continua; Anuitati; Perpetuitati https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/da525fbd-3f1f-4595-a95c-ab5b020d744d/orangeharvest.jpg ACADEMIA - CREAREA/ IMBUNATATIREA VALORII COMAPANIEI Profit economic; Valoare economica adaugata (EVA); Valoarea actualizata ajustata (APV); costul capitalului propriu fara datorii; companie cu datorii vs. companie fara datorii; Scutiri fiscale; Valoarea firmei (componente) https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/b9abba87-2b9c-425d-96c1-b5ede6a4d12f/ASIlarge.jpg ACADEMIA - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/9a0b5589-0c5c-495a-b5c9-6cd4df7857ca/Budgeting.jpeg ACADEMIA - PLANIFICAREA PE TERMEN LUNG Determinatorii interni ai valorii; Analiza tendintelor; Analiza variantei; Determinatorii externi ai valorii; Analiza vizuala/ a evenimentelor; Analiza prin regresie/corelatie https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/618b82c1-5b43-47af-bdb8-cffbed1860fc/valuation.jpg ACADEMIA - TEHNICI DE EVALUARE Evaluarea fluxurilor de numerar actualizate; Valoarea actualizata neta (NPV); Fluxul liber de numerar; Valoarea reziduala/terminala; perpetuitati obisnuite; perpetuitati in crestere sau in scadere; Criterii de investitii; Regula rambursarii; Regula rambursarii ajustate; Rentabilitate contabila; VAN/NPV ; Rata interna a rentabilitatii (IRR) ; Rata interna modificata a rentabilitatii (MIRR) https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/2f61d580-ecfb-4048-977d-aedad7ad6d29/TeodorBirsa.jpg ACADEMIA Inainte de a urma cursul, am simtit ca cunostintele mele financiare erau destul de slabe in mai multe privinte. Materialul cursului s-a dovedit a fi exact ceea ce aveam nevoie. Acest curs mi-a fost util pentru cariera mea prin faptul ca m-a ajutat sa inteleg mai bine fundamentele financiare ale hotelurilor pe care le gestionam. Recomand cu tarie cursul de Management Financiar oricarui angajat administrativ, dar in special persoanelor care se indreapta spre avansarea in cariera. Teodor Birsa, General Manager / Project Manager, Bucuresti / Chisinau https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/f3b961bb-3bf7-43df-bf87-55f5e553d149/ClareVasta.jpg ACADEMIA Alexandru-Sorin Ionescu a dezvoltat un program care introduce cu succes studentii in domeniul managementului financiar. De la novice (ca mine) pana la cei mai priceputi in arta contabilitatii si disciplinele conexe, modulele sale atent concepute permit participantilor sa obtina cunostintele specifice necesare in lumea muncii. Predarea sa este captivanta si informativa, iar ca tutore se conecteaza bine cu studentii sai. As recomanda acest program oricui cauta abilitati reale in fundamentele managementului financiar. Clare Vasta, ex lecturer University of Johannesburg York, UK https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1284aef1-a985-431d-a796-64b27836da81/StefanIon.png ACADEMIA As dori sa aplaud sincer initiativa domnului Ionescu pentru impartasirea unor cunostinte atat de avansate, experiente si abilitati prin noua sa platforma online de pregatire pedagogica. Am fost inscris la cursul de Management Financiar al domnului Ionescu in 2021 si datorita abordarii sale am reusit sa absolv cu distinctie MSc-ul meu in Managementul Afacerilor Internationale Hoteliere. Nu pot recomanda suficient acest curs! Stefan Ion - Group Recruitment Executive, Ireland https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/d30402e5-9043-463e-9b9e-7b680320e793/cvp.jpg ACADEMIA - PRETURI, CONCEPTE DE COSTURI, ANALIZA CVP Costuri variabile/fixe; Costuri directe/indirecte; Costuri in trepte; Metode pentru impartirea costurilor mixte; Metoda Hi/Low; Analiza prin regresie; USALI; Baza de alocare simpla (SABA); Baza de alocare multipla (MABA); Analiza cost-volum-profit/Analiza punctului critic; Marja contributiei; Levier operational (mare/mic) https://images.squarespace-cdn.com/content/v1/54d0c0b6e4b0c9b6a674d926/1674896183981-J98G7FLUCUQK369EIQ2U/Academy_banner.jpg ACADEMIA