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  • BGN6,250,817
  • (EUR 3,200,000)
    •
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  • Business
  • For Sale 
  • Borovets
  • bulgaria Flag Bulgaria
Hotel Zodiac - now Gergana is situated amongst the 700 years age-old pine forest siting on 6.3
acres and about 1.5 km from the Gondola lift and the main ski runs, in the oldest ski resort and
the highest pick `Musala` of Bulgaria . 64 luxurious rooms, 8 standard apartments and one
two-bedroom apartment. Restaurant for 128 guests, Lobby Bar. Fitness Hall; Sauna; Massage.
Ski Wardrobe for own Ski Equipment. Conference Hall for 40, 60 or 250 persons, equipped with
Cabins for Simultaneous Translation; Full Equipment Market Appraisal 6200000E. Buildings
1975. This property is closed from operations - all equipment and utility systems are in perfect
conditions. Needs renovation - our last estimate, including the buildout of a pool, helicopter
landing strip and remodeling of all interior and adding the largest casino on the Balkans region
of Europe toped 2,700,000 Euro.
The low for a foreign owned casino is that the owner have to have 1 year of residence in the
country and 500 employes + 10,000,000 in a bank account. We would suggest to form a local
company that is 90% owned by the foreign entity.
If the property remains in the same structure as the largest conference hall in the area - may be
good but we believe it needs to be converted to entertainment as the technology and social
media supports conferencing on line. The resort is not growing as their is no land available to
build anymore.
Specifications:
Brick
Specifications:
Brick
Hotel Zodiac - now Gergana is situated amongst the 700 years age-old pine forest siting on 6.3
acres and about 1.5 km from the Gondola lift and the main ski runs, in the oldest ski resort and
the highest pick `Musala` of Bulgaria . 64 luxurious rooms, 8 standard apartments and one
two-bedroom apartment. Restaurant for 128 guests, Lobby Bar...
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