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TUI Opens Hotel in Bulgaria's Black Sea Town Tsarevo


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.
Source: Sofia News Agency (www.novinite.com)
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