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Bulgaria's southern city of Blagoevgrad will soon have a new SPA center built by energy tycoon, Hristo Kovachki. Photo by Sofia Photo Agency
Bulgaria's energy tycoon Hristo Kovachki has acquired as a concessionaire the old bathhouse in the southern city of Blagoevgrad.
The news was announced by the Blagoevgrad City Hall.
The concession is for a 25-year term while Kovachki will be mandated to preserve the building's functional use and increase its capacity.
The minimum investment amount, according to the contract, is BGN 4,8 M without the Value Added Tax (VAT). Kovachki will be paying the minimum concession dues of BGN 144 000 per year.
The concessionaire duties include the establishment of two separate baths - male and female, building of a SPA center with Jacuzzi, sauna and a Turkish bath plus a hotel, a 250-seats restaurant, coffee shop and conference hall with a minimum of 120 seats.
The building will be transferred to Kovachki in the next few weeks.
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