Growth of hotel property deals

The investor’s interest for buying hotel properties in Bulgaria and in Central and East Europe at all grows in 2013, show research of Cushman & Wakefield.

hotel-hilton-sofia2

The phenomenon is valid for Bulgaria too, where in the last two years were sold two hotels from the highest category – Hilton and Radisson Blu.

In October 2013 the Sofia’s Hilton hotel was bought for 24 million EUR by the Bulgarian businessman Spas Rousseff after several months of negotiations with the Irish seller – Quinn Group. In 2012 the same person became owner of Radisson Blu Sofia.

In the first nine months of 2013 the value of all real estate deals was 54. 2 million EUR, and the most significant deal is right this one with Hilton Sofia.

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