Informes Sectoriales OP - Icex

More documents

Recommendations

Info

TOURISM AND RELATED SERVICES IN BULGARIA Ovcharov, Minister of Economy and Energy, to Sport Center Kuttina for the investment project Kuttina Golf Resort. Manuel Ferry Sanchez, owner and manager of Sport Center Kuttina, received the document at an official ceremony. The investment plan of the company, financed by the Spanish company Ferry Group, provides for a total of BGN 219 mln (EUR 112 mln) investments in the construction of a multifunctional modern sport and golf complex near the capital Sofia. IBA issues the certificate for the first phase of the project, which will start in 2006 and will be carried out for a period of 3 years with a total of BGN 84 mln (EUR 43 mln) investments. During the two phases of the project the company plans to construct a large sport and tourism complex, including: golf courses area, sport center with swimming pools and tennis courts, a club building, hotel complex, apartment buildings, trade center, etc. Additionally the company will invest in the construction of a waste water purifying unit, which will ensure the technical and ecological functioning of the sport center, as well as provide for processing of waste water of the villages of Kurilo and Kuttina. Sport Center Kuttina will ensure entirely the financing for the planning and construction of the necessary infrastructure components. The realization of the project will recover the nature and the area which is occupied by a non-functioning coal mine. The sport center project will ensure the planting of 20 000 trees of different types, as well the maintenance of large grass areas and gardens. During the construction phase of the project the investor will open over 2000 jobs. The effective exploitation and maintenance of the complex will be ensured by over 700 permanent employees, including 82 employees for the needs of the golf courses area and the club building. The investor intends to employ predominantly people with a Bulgarian citizenship. ♦ Spanish company Magle with hotel complex project In another development, Spanish company Magle will invest EUR 10 mln in a new hotel complex in the town of Kavarna, as announced by Kavarna’s mayor Tsonko Tsonev in November 2005. The municipality has already granted a construction permit. The complex will be built on 7000 sq. m in the seaside part of the town. ♦ TUI Nordic with hotel in Tzarevo In June 2006, travel company TUI Nordic will launch in Tzarevo, a resort town 70 km south of Bourgas, a hotel designed to accommodate exclusively Swedish and Norwegian holiday-makers. TUI is wrapping up the construction in Tzarevo of the 600-bed 4-star Serenity Bay hotel. In November 2005 Dieter Zemelroth, Director Corporate Finances TUI, announced that TUI would invest EUR 8 mln in the construction of the new tourist complex. • Thracian Rocks Golf & Spa with golf course The construction of a new golf course near the village of Bozhurets, in the coastal Kavarna region, will kick off in mid-March 2006, according to Rumen Beremski, Spanish Economic and Commercial Office of the Spanish Embassy in Sofia 52
TOURISM AND RELATED SERVICES IN BULGARIA chairman of Thracian Rocks Golf&Spa, the international company that will deploy the EUR 90 mln investment. The 18-hole golf course will have an area of 140 ha, the biggest on Bulgaria's Northern Black Sea coast. The developer intends to repair the infrastructure in the area of the golf course, building 17 km of new roads, a 150-room five-star hotel and villas with a combined 3,000-bed capacity. All building will have no more than three storeys. The course will be designed by South African golfing legend Gary Player. The building contractor for the golf project will be chosen on competitive basis. Player has also designed the golf complex built by the Black Sea Rama company near Balchik. According to Krasimir Gergov, co-owner of Black Sea Rama and chairman of the Bulgarian Golf Association, the project has absorbed EUR 100 mln in investment. The resource was raised through the off-plan marketing of the 350 detached houses that will be part of the complex. The construction of another golf resort near Black Sea Rama started in late 2005. The EUR 56 mln Lighthouse Golf Resorts is developed jointly by Balkanstroy and Barage&Co. The complex will have an 18-hole golf course, training and horse-back riding facilities, a spa center, luxury houses and a hotel. ♦ Quinn Group Investment Fund with Hilton Sofia Hotel In mid-2005, Quinn Group Investment Fund, owned by the Irish billionaire Shawn Quinn, bought almost 50% in Hilton Hotel Sofia and is reportedly in talks with the other shareholders to acquire the majority stake. Hilton Sofia is a stateof-the-art facility with 245 rooms on 8 floors, including 53 Executive Rooms and 17 Suites, equipped with all modern facilities. The guests of the 2 Executive Floors have access to the Clubroom, a special area for relaxation, assistance and business support, where they can enjoy complimentary breakfast, drinks and snacks throughout the day. For conferences and banquets the Hotel offers 450 square meters, including a ballroom, which can accommodate up to 240 delegates and can be divided into 2 sections. ♦ Equest Balkan Properties with Serdika Hotel, Sofia Equest Balkan Properties, property investment company focused on commercial, retail and industrial property in South Eastern Europe and primarily Bulgaria and Romania, was quoted by the London Stock Exchange (LSE) as saying in January 2006 that it has bought the Serdika Hotel in Sofia. The purchase price, payable in cash, is approximately EUR 10 mln, including transaction costs. The Serdika, previously owned by insurer Allianz Bulgaria, is currently operated as a 3 star hotel with 131 rooms in a prime location in the city centre. Equest has entered into initial negotiations with 3 major international hotel chains to manage the Serdika after the current lease with a local hotel operator expires in May 2006, according to Equest managing director Georgi Krumov. The fund intends to refurbish the Serdika hotel and the adjacent Sofia Film movie theater, adding shops and office premises. Equest expects to generate an annual return of 10% from the lease of the commercial outlets on the property. Equest said in mid October 2005 it planned to invest via its subsidiary Immofinance a total of 30 mln euro in a holiday village in Sofia's upscale neighbourhood Boyana and in a spa complex in the village of Banya, close to popular ski resort Bansko. The company is also building a luxury residential community, Embassy Suites, near the Bulgarian capital. Spanish Economic and Commercial Office of the Spanish Embassy in Sofia 53
Page 1 and 2: Oficina Económica y Comercial de l
Page 3 and 4: TOURISM AND RELATED SERVICES IN BUL
Page 51: TOURISM AND RELATED SERVICES IN BUL
Page 89: TOURISM AND RELATED SERVICES IN BUL

Informes Sectoriales OP - Icex

Create successful ePaper yourself

Delete template?

Save as template?