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Local Victoria Group to develop a five-star complex in Elenite littorial resort

newsThe local Victoria Group, owned by Bulgarian businessman Vetko Arabadjiev, told it will build a five-star hotel in company-owned Black Sea resort Elenite.
The year-round complex, catering to affluent Bulgarian and Russian tourists, should open for the 2008 summer season. The all-inclusive package will embrace the cost of premium alcohol served to the guests. The 150-room hotel will have an exclusive strip of beach, restaurant, swimming pool and spa.
Victoria Group will also invest in a holiday homes complex in the resort. It has already sold a share of the 120 condos that will be built by mid-2008.

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