Tel Aviv-listed Asim Real Estate and Israeli real estate group Tidhar have entered a partnership with the Bulgarian Investment Group to develop an all-season resort in Razlog, a ski town in south-western Bulgaria, the Sofia Echo has reported.
Tel Aviv-listed Asim Real Estate and Israeli real estate group Tidhar have entered a partnership with the Bulgarian Investment Group to develop an all-season resort in Razlog, a ski town in south-western Bulgaria, the Sofia Echo has reported.
The partners say they will invest EUR 250 mln to create Razlog Village All Seasons Nature Resort. The project will comprise eight hotels of varying styles spread over 150,000 m2. All facilities will have 1,500 rooms, enough to house up to eight thousand people a day.
Construction will begin in 2009 and the first guests are expected in 2012.
