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Back You are here: Home Property Buying, Selling, Renting Investment Opportunity in Veliko Turnovo

Investment Opportunity in Veliko Turnovo

Veliko Turnovo is a cultural and historical tourist centre of Bulgaria with a population of about 75,000 people. It has the second largest university in the country and a National Military University.

Veliko Turnovo is an important landmark for Bulgaria and is amongst the top 10 most visited tourist destinations in Eastern Europe and has some of the most expensive property prices in Bulgaria!

Quest Bulgaria has been asked by the management of the Tsarevets Hotel to market this excellent hotel. Here are the full details;

 

Hotel information
Hotel Tsarevets is a fully operational, three-star hotel located in the lovely settlement of Veliko Turnovo very close to Tsarevets castle and a 2 minute walk from the town centre. The three floor modern building has a total of 10 rooms divided into 1 luxury apartment, 8 double-rooms and a single room. All accommodation units are well-appointed and supplied with cable TV, telephone, air-con, mini bar, and there’s free communal internet access. The total built area of the hotel is 645sqm with a further 500sqm next door.

Investment Information
The hotel operates all year round and has achieved 100% occupancy during the high season (December through April), and 74% occupancy during the low season (May through October).in collaboration with a number of well-established tour operators from around Europe, most of the guests in the hotel come from the UK and Ireland.

Information on revenues and expenses as well as expert evaluation statements are available and
will be presented to the potential investors. Planning has been approved for the conversion of the
building next door to form a restaurant on the ground floor along with a further 8 more double
bedrooms above on two floors which will increase revenue especially with a restaurant as it’s the
most popular request amongst guests.
Quotes have been obtained for this work by a reputable local builder and will be made available to potential investors.
This is a fantastic investment opportunity in the fastest growing market in Europe.

www.tsarevetshotel.com
Contact Neil: email: This email address is being protected from spambots. You need JavaScript enabled to view it. tel:(UK) 07967 963 956
Winner of
Best Family Hotel 2005,
Sofia- Hilton
Offers Invited
Freehold