239 seaside hotels for sale on the Black Sea coast
09 December 2009
A total of 239 hotels on the Black Sea are available for sale - 159 are in the south regions and another 80 - in the north areas, according to information from Bulgarian Internet sites. Nearly 70 of the complexes are worth over €1 million, while the remaining properties are small: mostly houses equipped to accommodate tourists. The prices of some of the estates reach nearly 3000 euros/sq. m, but there are also properties offered for 400-450 euros/ sq m.
A large hotel complex in Sunny Beach for €11 mln is among the estates on the market. The price does not include VAT, specify the owners. The developed built-up area is 6,780 sq. m and the site is offered for 1,622 euros/sq.m (without VAT again). The hotel faces the shore, and is located at 50 m from the beach. Some more 6,870 sq. m. of ground parcels - pool, walks, gardens, are offered in addition to the mentioned over 6 ,000 sq.m of rooms, apartments, cafes and restaurants.
The most expensive hotel in Varna region is located in Golden Sands resort complex and is offered for a price of €42,5 million.
International Property News