What’s Up with the Hotel Building Boom in Bulgaria?

March 20, 2006 By:Mary Winston Nicklin

Bulgaria Hotel

Change is afoot in the Eastern Europe outpost of Bulgaria. Its 20th century history was marked by the power struggle between paternalistic Russia and wary western Europe (which sought to break up the Russian stronghold and thus carved away Macedonia to the Balkans), but the country is now slated for entry into the European Union in 2007. And as the Financial Times reports, the Black Sea coastal beaches have recently become prime real estate for investors:

The Moscow government has already invested in this area of Bulgaria's coast, with plans to build two five-star hotels on a promontory enclosing the south side of the beach. And more buyers – institutions and individuals from Russia, the UK, Ireland, Spain and France – are circling, eager to get in on Europe's latest emerging market property boom.

Investment in upscale development is good news for Bulgaria's economy, and in addition, the government has realized the importance of legislation protecting the coast: banning high-rise buildings, creating new zoning regulations, and setting aside green space. Looks like Bulgaria is on the path to becoming Europe's new second home hot spot.


Related Hotels

Radisson Blu Edwardian Leicester Square Hotel is a discrete and quiet London hotel with friendly service and an exquisite location, between the National Gallery and Leicester Square. The 58 rooms at the Radisson Blu Edwardian... more >>

Style:
Classic Luxury
Rating:

Thornbury Castle

Thornbury, United Kingdom

Kings and queens have stayed here. Courtiers have flirted with ladies-in-waiting in the ancient yew-hedged gardens. Serving girls have chattered in the stone-flagged courtyard. Today, Thornbury Castle still resonates with history... more >>

Style:
Classic Luxury
Rating:

White Swan

Bondgate Within Alnwick, United Kingdom

Set in the heart of the historic market town of Alnwick and only a stone's throw from Alnwick Castle and Gardens, The White Swan is a charming 300 year old coaching inn that blends its unique heritage with superb... more >>

Style:
Classic Luxury
Rating:

L'Hotel

Paris, France

L'hotel has counted quite a few legendary celebrity among its guests and has been the scene of many extraordinary events (including the death of Oscar Wilde). Each of the 20 rooms has its own character, its own universe or is... more >>

Style:
Boutique/Design
Rating:

Hotel Lungarno

Florence, Italy

Please note: The Hotel Lungarno will be closed from November 27, 2016 through June 2017 for a complete renovation. At the Hotel Lungarno, the view of the river and over the city is a unique experience. Famous for its... more >>

Style:
Classic Luxury
Rating: