The Bulgarian Chamber of Private Enforcement Agents has listed a total of 11 hotels in the country for foreclosure over owners’ unpaid debt.
One of the hotels – the 4-star, 6-story “Astoria Beach” is the most expensive foreclosed property, located 30 m from the coast line in the “Golden Sands” resort near Varna. The hotel with an outdoor pool and tennis courts is listed for BGN 7 M.
Its owners, brothers Krasimir and Stefan Dzhankovi, are known as the people who privatized the Sofia Mills in 1998 and were involved in a scandal over the draining of BGN 13 M from the Air Traffic Control, which financed the above named hotel.
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