Send to Kindle
Photo: Kempinski.com
The sale of Sofia's Kempinski Hotel Zografski is about to be completed, report Bulgarian-language media.
According to a notification letter, published on the website of the Competition Protection Commission, the buyer is the Plovdiv hotelier Vetko Arabadzhiev. The notification informs that the company Victoria Group VM, managed by Arabadzhiev's daughter Zlatomira Arabadzhieva, is merging with the companies Zografski AD and Fortuna Construction AD.
The five-star hotel, also known as “The Japanese hotel” has been up for sale by the heirs since the death of its previous owner Ivan Zografski in 2007. According to the Pressa daily, the initial asking price was EUR 200 M, but was sold for between EUR 45 M and 55 M.
Zografski had bought the then state-owned hotel in 1994 for DEM 65 M.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Sofia's Lunar Festival of Lights is back, illuminating the city with more than 20 captivating light installations across its most iconic landmarks.
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
In a chilling turn of events, the lifeless body of a man was discovered in Sofia's "Zapaden Park" yesterday, as reported by NovaTV
In connection with the replacement of a shut-off valve on "Beli Dunav" street, district "Nadezhda-3" from Sofia Water warns that today (April 16) it is necessary to stop the water supply from 9:00 a.m. to 9:00 p.m.
Sofia residents who have dutifully paid their local taxes for the year 2024 have collectively pocketed a substantial sum, saving a remarkable BGN 4,678 million by April 14
Boryana Kaleyn secured victory and Stiliana Nikolova clinched second place in the women's all-around competition at the Rhythmic Gymnastics World Cup held in Sofia
New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
This information was shared during the presentation of data on the current state of the market to journalists
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
