This is a fairly new practice in Bulgaria and Eagle Rock is one of the pioneering developments offering such a service.
Experience has showed that individual owners have little possibility to furnish, promote and maintain their property according to the tour operators' standards, and even then it is difficult to compete with the large tourist enterprises.
So here comes the solution to this problem. Buying an apartment in a development such as Eagle Rock offers you full maintenance and promotion of your property. This effectively makes you a shareholder in a licensed hotel able to meet the standard requirements of the tourist industry.
Why is Bulgare Development investing this huge amount of money into the project?
Who benefits?
People are often dazzled by the bright perspectives of an investment opportunity, but they should first ask several questions to make the picture more clear:
Who plans the development? Does the developer have any experience in running tourist a enterprise?
Who will manage catering and hospitality services, etc.?
Who is organizing marketing and negotiating with tour operators?
Who is managing personnel?
Can we expect rental income, and what is the role of BHMC?
Balkan Hotel Management Company � the company was established with one main objective, which is to manage individually owned apartment properties as comprehensive hotel facilities. BHMC is a pioneering company in hotel-managed properties in Bulgaria.
The company�s team is led by Mr. Hadjinikolov (Deputy Minister of Economy 2001-2005 and Head of the State Agency for Tourism) and consists of leading specialists with many years' experience in the tourist sector. Balkan Hotel Management Company plays a decisive role in:
Advising on 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, catering, 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 themsleves?
BHMC is the company that every apartment owner needs in order to efficiently manage their 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.
