Africa Israel enters Romanian hospitality market with 4 acquisitions worth EUR 18 M

Africa Israel Hotel, a subsidiary of the Africa Israel real estate group controlled by Lev Leviev one of Europe’s richest businessmen, is also entering the Romanian hotels market by acquiring four three-star units in ... More

Bulgaria's Dental Tourism Flourishing Thanks to Britons

Dental tourism is an increasing trend with more and more Britons, who combine a holiday to Bulgaria's Black Sea coast with a visit to the dentist. Bulgaria, Turkey, Poland, Hungary, Croatia and Thailand are cashing in from a ... More

MontenegroTourism revenues at EUR 190 mil in 7-mo

Montenegro's 2007 tourist season in terms of physical and financial indices is the best one over the past 20 years, Montenegro's Ministry of Tourism and Environmental Protection announced. The revenues from tourism for the first ... More

Golf, hunting resorts to be developed on Ognianovo dam

An oak forest near the Ognianovo dam lake, in the Sofia region, will be developed into a golf resort, it transpired Monday after the Elin Pelin municipality sold five land plots to two private buyers. Three of the properties, ... More

Numerous Bulgarian Hotels Face Bankruptcy

A large number of Bulgarian seaside hotels could face bankruptcy already this year, the head of Bulgaria's Tourism Agency Anelia Krushkova said. Low prices have made Bulgaria an attractive destination in the past decade, with ... More

Italians to invest EUR 20 M in 5-star hotel in historic centre of Bucharest

A group of Italian investors plan to invest over EUR 20 M in the construction of a five-star 100-room hotel, Mediafax reports. The project includes four underground floors to host luxury shopping centres. The hotel will have ... More

Gural to open first “Well-Being” Hotel

Turkey's Gural Group, known for its Kutahya Porcelain and ceramic brands, has decided to open Turkey's first "well-being" (healthy life style) hotel. Gural Sapanca Wellness Park Hotel, which is under construction in ... More

Trianon hotelier chain opens unit in Bucharest

Trianon hotelier chain opened a three stars hotel with 26 rooms near Cismigiu park, in Bucharest. The hotel has a surface of 2,202 sqm and a capacity of 48 persons. The unit is affiliated to the international chain which also ... More

"Casino Beograd" in hotel "Jugoslavija" put into operation

Long-announced "Casino Beograd" was opened on June 30, 2007, in hotel "Jugoslavija". It is currently the largest space intended for games of chance and entertainment in southeast Europe. By the end of the year, Casino will ... More

Bulgarian Seaside Hotels Reduce Prices

The hotels in Bulgaria's seaside resorts reduce the prices of their rooms, as the number of the tourists is constantly decreasing, the Chairwoman of the State Tourist Agency Aneliya Krushkova said Wednesday. "Many of the ... More

Master Plan on Romanian Tourism Development

The Ministry for SMEs, Commerce, Tourism and the Self-Employed (MIMMCTPL) yesterday finalised the Tourism Master Plan, whose objective is to identify weaknesses in the Romanian tourism industry, Rompres reports. “We will ... More

Blackstone Acquires Hilton Hotels Corp for USD 26 B

Hilton Hotels Corp., the second- biggest US hotel chain, agreed to be acquired by The Blackstone Group LP in an all-cash transaction valued at USD 26 B, ending more than 60 years as a public company. Blackstone will pay USD ... More

Nord Grup invests EUR 12 million in four stars hotel

Nord Grup will develop a four-star hotel in Bucharest which will be affiliated to Golden Tulip network, the investment being estimated at EUR 12 million, said the company’s main shareholder, Liviu Barbulescu. The works are ... More

A new K + K hotel worth EUR 20 M in University Square

The Austrian hotel group K+K Hotels, which owns Hotel Elisabeta in Piata Universitatii (University Square), will invest EUR 20 M over the forthcoming period within a four-start hotel, having an accommodation capacity ranging from ... More

Cypriot NTL to build aqua prk in Montenegro

Cyprus-based company Numerico Trading Limited (NTL) plans to invest 6 to 8 million euro in construction of the water city - "Aqua Park" - in Montenegro. Construction of the first water amusement park would soon start on the ... More

First Conference on Agri-Tourism in October in Croatia

The first conference on rural tourism will be held from October 18 to 21 in the Croatian city of Lesina, ICE in Zagreb announces. The subject of the conference will be 'The Agri-Tourism Prospective'. The objective is to create a ... More

Riviera Hotel in Mamaia on sale for EUR 20 M

The Riviera Hotel in the Northern part of Mamaia resort is now on the market with an asking price of about EUR 20 M, businessman Ion Tudor, owner of the hotel, told Mediafax. ‘We are selling it because we live in Valcea and ... More

Hilton builds hotel in FYR Macedonia

A hotel of the renowned Hilton chain will be erected at the Ohrid coastline in two year's time, Macedonian PM has said Friday. FYROM’s Prime Minister Nikola Gruevski told the press that Soravia Company had been picked ... More

Bulgaria's Albena Resort to Sell Hotel in Balchik

Bulgaria's Albena, the company that manages the Black Sea resort with the same name, is in talks to sell its White Lagoon hotel in Balchik, the company said in a statement to the Bulgarian Stock Exchange, where it is ... More

Bulgaria, Romania Gain Lead as Tourist Destinations among US Citizens

With the US dollar's devaluation on the go, Paris and London have lost their charm as tourist destinations for the US citizens and they get even more interested in Bulgaria and Romania, the Romanian newspaper Adevarul reported. ... More