Israelibulgarian Group To Invest 250 Million In Eco Project Near Razlog

Israeli investors Tidhar Group and Asim Real Estate Ltd., in partnership with Bulgarian Investment Group announced plans to collaborate on a mutual eco project called Razlog Village All Seasons Nature Resort.The investment was worth 250 million euro and envisions eight hotels spread over 150 000 sq m. All facilities will have the capacity of 1500 rooms, which could house up to eight thousand people a day, the companies said in a media statement.The main concept underlying this grand endeavor was the aim to inspire year-round tourism activities, investor said.Construction will begin in 2009, and the whole central part together with the internal infrastructure will be completed by 2011. The first guests are expected to arrive in 2012.Razlog Village will stretch on two hills connected with a pedestrian area, flanked by boutiques and mimicking the traditional Bulgarian mid-19 century architectural style. The area will feature two and three-storey buildings with retail and entertainment facilities.The investors said all eight hotels would be different in style and function, so they match the needs and taste of various clients. A luxury five-star hotel with casino and business centre was one of the hotels, followed by a compact family hotel and a gated community-type complex offering five-star luxury. A spa hotel and a ‘sport hotel' were meant to attract a younger crowd who would enjoy an Olympic-size swimming pool and various playgrounds which were part of the plan.Within the complex' compound an aparthotel and an eco hotel with rooms hewn in cave-like compartments. Developers said they plan to invest in natural pine woodland, which would surround the complex.Designers of the project are architects Israel Barlev and Stella Magrisso-Nanova, the construction work will be done by the two investing groups.