Minister Angelkova: a world hotel chain is entering the Bulgarian market

One of the largest hotel chains in the world - Hayat enters Bulgaria with a high-class hotel in the Sofia city centre. This was announced today at a meeting between the Minister of Tourism Nikolina Angelkova and Mr. Takuya Aoyama, vice president for development for Hyatt for Europe, Africa and the Middle East and Mr. Lachezar Todorov, CEO of Terra Tour Service, the Bulgarian partner.

"The hotel chain is of a very high class and will give a new impetus to the development of the tourism sector," commented earlier today Minister Angelkova in front of the reporters. She announced that the Ministry of Tourism is having discussions with several large chains, which are also considering to enter the country. "At the very establishment of a separate ministry, the main goal for us was to attract large investors and established brands that will bring in more and wealthier tourists," emphasized Nikolina Angelkova.

"We are working for the realization of this investment plan over 7 years, but we believe that now is the right time for it," said Lachezar Todorov. He stressed that it is very important that there is already a separate Ministry of Tourism, which coordinates the work in the sector, while there is also a strong ambition and commitment of the Hayat management with this project. "Bulgaria welcomes many tourists and we want them to stay longer here, which is why we will offer them the best services and facilities," pointed out Takuya Aoyama.

The first Hyatt Regency Hotel in Bulgaria will be built in the city of Sofia at the site of the former Serdika cinema and is expected to open in 2018. The construction works will be carried out in partnership with a Bulgarian company. The Hyatt Hotels Corporation is a leading world hotel company with a portfolio of 12 brands and 652 properties in 53 countries. Forecasts indicate that the site will attract the interest of more foreign visitors, including long-time guests of the chain, for event and congress tourism, as well as for cultural and historical city tours in the capital.