Potential hotel complex?

An existing two-storey building with built up area of 440 sq. m. and total built-up area of 980 sq. m. with land of 3440 sq.m. The property is situated on the bank of Yovkovtsi dam surrounded by beautiful countryside, all year round access and good infrastructure. Building of similar properties is forbidden due to the specific requirements in this area that should be in a similar style. The building needs reconstruction. There is a project for three-storey building with built-up area 1780 square meters representing ground floor with restaurant and winery; second floor - reception, cafe, billiard room, hotel rooms; third floor - hotel rooms. The capacity is 16 rooms and 3 apartments (1 facing east and 2 facing west to the resevoir). The built-up area does not include the under roof space with area of 400 square meters where can be fitted a spa centre and a conference room. The architectural project is in compliance with all the European requirements for disabled access. The village is situated 6 km to the west from Elena and 40 km away form Veliko Tarnovo. Elena municipality provides an alternative developing eco and village tourism, which means good prospects for building a hotel complex. Once rebuilt it could be utilized all year long. It could be used for organized events (symposiums, conferences - a tradition in the town of Elena) and together with the attractions in the area, it could become an all in one tourist product. Possibility for applying for financial funding through programs of the EU.