Security of investment:
· 4,5% (gross 9%) guaranteed annual rental income
Perspective:
· 5 years rental and management period
· 5 years maintenance contract
Profit:
· 20% annual capital growth
· Security Bank underwritten project
General Information
Orpheus Valley ApartHotel has a total built-up area of 28,000 square meters. The investment in the development is more than 20 million Euros. The ApartHotel is planned as a gated village, which covers an area of 15,400 square meters in the heart of the mountains (view region map). Almost 1/3 of the complex is covered by parks and leisure facilities.
The complex will be constructed on 2 stages:
I stage: Sections A, B, C, D and E.
Date of completion of the first stage - 31.12.2007;
Number of apartments, built in the first stage of the development:
- 71 studios;
- 58 one-bedroom apartments;
- 50 two-bedroom apartments.
II stage: Sections F, G and H, together with six luxury maisonnettes.
Date of completion of the second stage - the end of 2008/the beginning of 2009.
Orpheus Valley ApartHotel is literally on the ski track - it is the only development in Bulgaria, which is positioned at such an impressive altitude -1,700 m. Besides the living and leisure parts, the development includes all facilities needed for conference tourism and corporate events.
This feature makes the Complex even more attractive for the tour operators.
Orpheus Valley ApartHotel is the only development in Bulgaria planned in accordance with the European aparthotel principles. In addition, it is developed complying with the requirements of the Bulgarian Tourist Committee and this will guarantee a hotel license of 4 stars. The developer will handle all maintenance and rental management issues of the apartments upon owner’s request. Considering the great range of facilities offered and the advantages of the apartment characteristics – modern kitchen and convenient family lodging, all analysts are positive that the Orpheus Valley ApartHotel will easily win market share from the hotels in Pamporovo.
Orpheus Valley ApartHotel offers high standard of living conditions and is developed in accordance with the best European practices:
- All natural construction materials
- Hydro, thermal, and sound insulation especially selected for the exceptional altitude
- Perfect disposition of the rooms in order to combine the hotel advantages with the coziness of a home
- Plans developed under the strict control of the Bulgarian Hotel Association in order to fully satisfy the requirements of the tour operators
Orpheus Valley is not a building - it is a lifestyle experience:
- 4 stars hotel license;
- Chambermaid services;
- Parking lot;
- 24 hours concierge;
- 8 elevators;
- All facilities for disabled citizens and corporate events.
Facilities in the Complex:
Shopping and Food: Shopping centre; Panorama Café & Bar; Main restaurant serving international cuisine; Irish pub and disco club; Tavern / Traditional wine cellar.
Entertainment: Snooker; Darts; Pinball machines; Gaming /Internet; Animation room / cinema; Table tennis; Baby sitting for children up to 4 years;
Sports: Fitness club; Swimming pool- semi Olympic size; 3 Saunas (capacity – 20 people) and 2 steam baths; SPA and recreation centre; Massage; Ski and boot wardrobe in every section.
4-Season Rental Paradise
>> Pamporovo is a purposefully developed mountain resort. Its location had been, carefully chosen, planned and developed by French specialists in the 1930’s because of its specific geographic features – Pamporovo is situated in-between the influence of the Mediterranean and the Continental climate zones. This unique positioning is the reason for the appearance of a unique natural phenomenon – 150 days of snow and 120 days of sun, which makes Pamporovo the sunniest skiing resort in Europe.
>> During the last ten years Pamporovo has managed to further expand its competitive advantages transforming its narrow skiing profile into the image of a complete and multifunctional 4-season destination. This feature has a strong positive impact on the tourist industry in the region, which creates very promising investment opportunities in terms of real estate.
>> Besides its natural beauty, Pamporovo has managed to successfully develop its infrastructure, to attract local and foreign investors and at the same time – to protect the complex from overdevelopment, preserving the ecological balance at the region following UNESCO directions.
Winter
>> Skiing tradition since 1933.
>> Fantastic skiing conditions -150 days of snow and 18,000 meters of excellent ski runs of varying difficulty.
>> First class system of lifts and drags (5 chair-lifts and 13 tows with total capacity 8,500 skiers per hour).
>> Top destination for the snowboard enthusiasts.
>> One of the best ski schools in Europe (the Olympic biathlon champion Ekaterina Dafovska was born in Chepelare – just five miles from Pamporovo and she still does most of the training in the complex).
Spring, summer, and autumn
>> Hiking tours through Shirk Luka and Stojkite, Progled and Momchilovci.
>> Horse riding and biking
>> Bowling and tennis
>> Fishing and camping
>> SPA vacations
>> Mineral water therapy and rehabilitation
Functionality of the Apartments
The ApartHotel complex consists of 179 luxury apartments - all of them developed in accordance with the aparthotel practices in order to fully satisfy even the highest expectations and to comply with the tour operators’ requirements. All the construction materials have natural origin with a minimum 10 years warranty. In addition, all thermal and hydro insulations are specially selected for the purposes of high altitude construction work.
The studios are designed as small apartments for two people and have been planned for maximum functioning. The studios consist of: entrance-hall, living room with fireplace, open-plan kitchenette/diner, open-plan bedroom and bathroom/WC. The TV and the fireplace can be seen both from the living room and the bedroom. On the other hand the door cannot be seen from the room, which intensifies the feeling for comfort and luxury in the residents. The studios are planned for two people, who can use together the living area of the apartment.
The one-bedroom apartment consists of: living room with fireplace, open-plan kitchen / dining room, open-plan bedroom, 1 bedroom, bathroom with WC and WC. It is designed in such a way, so that four people could use comfortably the living area of the apartment, enjoying its cozy atmosphere together. For this purpose next to the bedroom there is a bathroom with a toilet, and another toilet is planned separately. The combination of a TV set and a fireplace divides visibly the living room from the dining room, increasing the feeling of comfort of the residents. Thus the living room could be used as a second bedroom without disturbing the use of the kitchen. Special attention was paid during planning of the Complex to the position of the bedrooms in all apartments – all bedrooms are planned away from the elevators, the staircases and the corridors. Such design avoids disturbance of the rest of the residents of the apartment.
In Orpheus Valley ApartHotel the two-bedroom apartments are planned as luxury lodgings offering the best views and functioning, allowing six people to use undisturbed together the living area of the apartments. The two-bedroom apartments consist of: living room with fireplace, open-plan kitchen/diner, open-plan bedroom, 2 bedrooms, WC, bathroom and bathroom with WC. The two bedroom apartment has a spacious luxury bedroom with a detached bathroom next to it, which could be used separately. The second bathroom is separated from the toilet, so that they could be used by two different persons at the same time. The fireplace and the TV set are situated on such a position that they could be seen both from the dining room and the improvised bedroom in the living room. The two bedroom apartment is planned with a terrace, where a table with chairs could be placed during summer seasons.
All apartments will be executed with tiles and terracotta in the bathrooms, kitchenettes and corridors, and laminated parquet in the living rooms and the bedrooms. Furnishing after individual design is possible at an additional cost.
Payment Schedule
Payment
Standard
Discounted
advance
25%
60%
three months after the preliminary agreement
25%
-
completion
50%
40%
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