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Real Madrid boss builds hotel in Kavarna

Date: 02.12.2005

Football legend Jose Antonio Camacho, member of Real Madrid FC managing board is one of the investors in the newest hotel in Kavarna (northern Bulgaria Black Sea coast). The Spanish firm Mangle Bulgaria, of which Camacho holds shares, turned the first rod of a new five-crown hotel complex Wednesday. The complex will spread over 0.7 ha on the very shore looking onto the Chirakam cape. Over 20 million levs (1euro= 1.95 levs) will be invested in the construction. "This has been the largest one-off foreign investment in Kavarna municipality," said Kavarna mayor Tsonko Tsonev.

Krastina Marinova

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