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27 Bulgarian Hotels Listed for Sale in Financial Times

Date: 11.12.2009

The once quiet Sunny Beach resort on the Bulgarian Black Sea Coast has grown to a concrete jungle over the last years

The Business for Sale column of Financial Times has listed 27 Bulgarian hotels and holiday accommodations. The highest sales price is USD 36 M for the four-star Penelope Palace near the Black Sea town and resort of Pomorie. The expensive apartment-type hotel is not even fully built and it is supposed to be completed in June 2010.

The second priciest hotel is listed for BGN 35,2 M and is also on the Black Sea Coast in the nearby Sunny Beach resort. This is another four-star establishment, but it has been open for 10 years now and has contracts with major tour operators such as Apollo and Neckerman (Thomas Cook chain).

The winter resort hotels in Bansko, Borovets and Pamporovo are cheaper. The top sales price here is USD 17 M.

In addition, there are several business hotels for sale in Sofia with the top price of BGN 21 M.

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