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One of the largest hotel chains in the world,Hyatt,is entering Bulgaria with a hotel in central Sofia, the Bulgarian Tourism Ministry announced on Thursday.
The announcement followed a meeting of Tourism Minister Nikolina Angelkova with Takuya Aoyama, Vice President Acquisitions & Development of Hyatt International Europe, Africa and the Middle East (EAME) and Lachezar Todorov, CEO of Terra Tour Service, the Bulgarian partner to the project.
"The hotel chain is of very high class and will give a new impetus to the development of our tourism sector," Angelkova told reporters, according to a statement from the ministry.
"We have been working towards the implementation of this investment intentionfor more than seven years and we believe that now the right time has come," commented Lachezar Todorov.
Takuya Aoyama noted that Bulgaria welcomes many tourists and Hyatt want them to stay longer in the future hotel in Sofia.
The first Hyatt Regency Hotel in Bulgaria will be built in Sofia at the site of the former hotel and cinema complex Serdika just opposite the monument of Vasil Levski and across the street from National Art Gallery Square 500.
The five-star hotel is expected to open in 2018. It will feature 190 rooms, three restaurants, a hall area of 1,200 sq.m. suitable for receptions, exhibitions and conferences.
Sofia-based Terra Tour Service is part of Agrohold group founded in 1995. Тhe company concentrates the holding group’s interests in the field of investment, construction and operation of real estate and tourist sites in Bulgaria.
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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
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