Golf and Spa Complex for BGN 100 M to Be Built in Bulgaria's Pravets town

Sofia News Agency

A new vacation complex with a golf course and spa will be constructed in the town of Pravets by the middle of 2010.

The investment will be for about BGN 100 M, and will be realized by Teratour Service.

The professional golf course will be suitable for hosting international tournaments. A secondary golf course for beginners will also be created nearby. The total length of the golf complex plot will be about 6,5 km.

The spa hotel complex to constructed at the spot will have a total all-out area of 24 500 square meters.

The Director of the new complex Pravets Golf & Spa Club Viktor Panayotov explained that the average sale price of the apartments in the complex would be about EUR 1200 per square meter, whereas the price for the luxury villas might reach EUR 2000 per square meter.

In Panayotov's words, one of the unique features of Pravetz Golf & Spa is the fact that it would be located right next to the Pravets hunting preserve as such a combination of opportunities for hunting, golf, and spa was really rare globally.

The town of Pravets is located some 70 km northeast of Sofia. It is famous for being the birthplace and hometown of Bulgaria's long-serving communist dictator Todor Zhivkov.