Romanian developer One United Properties (BVB: ONE) has signed a memorandum of understanding (MOU) with lifestyle hospitality company Ennismore to open a hotel under the brand The Hoxton in Bucharest. The Hoxton Bucharest will be located on Academiei Street, close to the University of Architecture. The hotel will rise on the site of three historic buildings located on Academiei Street, and currently undergoing restoration by One United Properties, the company said. This is the second international hospitality brand introduced locally by One United Properties with Ennismore, following the announcement of Mondrian Bucharest. One United Properties is an investor and developer of residential, mixed-use, and commercial real estate in Bucharest.