TUI Opens Hotel in Bulgaria's Black Sea Town TsarevoSource: Sofia News Agency (www.novinite.com)
Published Date: 24 Feb 2006
Tourism concern TUI will open a hotel in Bulgaria's Black Sea town Tsarevo.
The news was broken after a meeting of Tsarevo mayor Petko Arnaudov with the manager of TUI - Bulgaria Valentin Yosifov and a delegation of TUI Nordic.
Tsarevo was picked by the German tourism concern as a main center for its investments in Bulgaria's southern Black sea region.
It is the first time in Bulgaria that TUI will make a direct investment through its Bulgarian subsidiary TUI - Bulgaria.
The construction of the Serenity Bay hotel will be completed with the TUI investment. The hotel will boast 160 flats and 60 studios with a capacity of 600 beds. The hotel will be mainly orientated to the Scandinavian tourists and will function as a base for family tourism.
TUI - Bulgaria and TUI Nordic will help for the construction of the sewage system with investments of BGN 1 M.
The official opening of the hotel is scheduled for June, when the managing directors of TUI - Germany and TUI Nordic are expected to come to Bulgaria.