Property Management
PROPERTY MANAGEMENT COMPANY
Hotel managed property approach
Every apartment owner in Costa Bulgara Mediterranean Club becomes part of a profitable tourist enterprise.
Buying an apartment means ownership in a hotel consisting of more than 199 individually owned suites and apartments where the Developer has invested more than 3 million Euros in facilities. Therefore, you acquire ownership in a 4-star luxury tourist complex at the price of an ordinary apartment. And furthermore, the Costa Bulgara Property Management Company will manage the hotel facility.
Costa Bulgara has also all hotel facilities and an issued license of a 4-Star Hotel. This becomes a decisive factor negotiating with the tour operators and increases the profit opportunities for the individual investors.
Why is the developer investing this huge amount of money into the project?
“It is because of the future return for every owner”, says Mr. Dinev, Chairman of the Board of Directors “We do not develop blocks but offer our investors to own a part of a profitable tourist enterprise. This is the reason we will establish a hotel management team who will run Costa Bulgara as a professional 4-stars hotel. In other words, every individual owner will receive a professional management of its property by respected tourist specialists in Bulgaria”.
Who benefits?
People often are dazzled by the bright perspectives of an investment opportunity but first, ask several questions that will clear the picture:
- Who plans the development? Does the developer have any experience in running tourist enterprise?
- Who will manage food and beverage, hospitality services and etc.?
- Who is organizing marketing and negotiating with tour operators?
- Who is managing personnel?
- Can we expect rental income otherwise and what is the role of Costa Bulgara Hotel Management Company?
Costa Bulgara Property Management Company – the company will be established with one main objective, which is to manage individually owned apartment properties as comprehensive hotel facilities.
Costa Bulgara Property Management Company plays a decisive role in:
- Advising the planning of the investment project – in order for the development to acquire all government hotel certificates
- Developing a business plan for the operation of the hotel facility
- Planning, hiring and managing every aspect of hotel personnel: accommodation, food and beverage, tourist attractions
- Managing all maintenance and recreation facilities
- Developing the marketing activities of the hotel-managed property and organising the negotiating and contracting for every season with tour operators.
Can any owner individually handle all these management issues by himself?
Costa Bulgara Property Management Company is the company that every apartment owner needs in order to efficiently manage his property. This is the way to turn an apartment into a profitable tourist enterprise. This is the way to realise rental return and capital appreciation of a tourist business rather than just an apartment.
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