The businessman purchase the crumbling Veliko Tarnovo property on Opalchenska Street via his company, “Bulbeck” about two months ago.
The millionaire invested approximately $3 million to restore the Hadji Nikoli Inn. The restoration of the hotel is expected to cost more. It will be a 4-star hotel and owner is keeping its historic name.
Currently architect Nikolay Georgiev has undertaken safety and security measures of the former hotel, which is in poor condition. A team of architects will most likely be assigned to restore the building.
Several projects are to be considered, whose approval will likely take about a year, since the building is of cultural importance in Veliko Tarnovo.