T-hotels Letting Management

Vrania complex is a member of the luxury chain, T-Hotels, and will be fully managed and serviced by Bulgaria's leading Property Management Company, Property Management BG, in partnership with the T-Hotels management group.

Operating all year round, Vrania will welcome business travelers, tourists, owners and investors, corporate business groups, participants in company seminars and long-term tenants … and, because the quality of the accommodation and the superb location the development will be advertised in the brochures of the leading international tour operators providing services in Bulgaria, we expect extremely high occupancy from the very first year of operation.
Vrania Apartments will offer all facilities needed and high quality of services. Buyers who wish to rent out their apartments to tourists can use the services of www.SofiaApartments.com in partnership with major international and local tour operators.
Because of its central location, Vrania Apartments are suitable both for long and short term rents. The area is a preferred place for living by Bulgarians and foreigners settled in the capital. Located next to the mountain, the fresh air and the easy access to the city center turn the area into one of the most desired residential districts.
For successful rent, Vrania Apartments will be intensively advertised in the local magazines and web-sites for long term rentals. They could be occupied not only by the visitors and guests of Sofia but by the foreigners who live here permanently. Long-term rents are subject to additional negotiation between the tenant and the apartment owner, which will be handled by Property management BG on owner’s behalf. Usually for long term letting all expenses are covered by the tenants.
At the same time the demand for luxury apartments in Sofia suitable for short-term lets is constantly rising. The reason is the increasing investments in Sofia and the increasing number of foreign businessmen coming to the capital, as well as the increasing popularity of Sofia as a tourist destination. Ever more and more tourists are visiting our capital not only for its sights, night life and good traditional cuisine, but also for its unique proximity of Vitosha mountain and its ski slopes and all the opportunities offered by the beautiful mountain. All modern techniques will be used including web marketing through the leading ski and tourism portals in Bulgaria as www.BulgariaSki.com On the other hand the famous ski resort Borovets is about 45 min drive away.
Owners will be offered fixed rates per night for short-term rentals. All expenses for short-term lettings (electricity, water, cable TV, Internet) will be charged to the owner’s account. Our experience shows that short-term rental provides a good rental income and we expect that apartments will bring 7-9% per annum (around 3-4% during the first year of operation). It is typical that there are no low seasons in the short-term lettings in the capital, because it is visited by high number of investors and businessmen, as well as leisure travelers all year round, therefore we are expecting minimum occupancy of 70% per year.