The leisure industry is one of the largest and most dynamic sectors of the Bulgarian economy. It generates 15% of the country’s GDP, employs 300,000 people, and is one of the boosters of the economic growth.

During the last years of enormous expansion of the hospitality construction, we were engaged in advising one of the leading investors’ groups on all aspects of the purchase, financing, development, construction, and management of exclusive hotels. The latest negative developments in the real estate cooled the investment boom and turned the accents of our sector practice to transactional services, including management agreements, sales and purchases, leases and lease backs, joint ventures, mergers, and corporate reorganisations.

We have particular experience negotiating complex franchising agreements and assisting the hotel management in the day-to-day business operations, as well as in regulatory issues, such as licensing of casinos.