The name of this posh hotel is B2 Boutique Hotel-SPA and is located in Switzerland. Human ingenuity (and architects) once again prove they can turn the ugly duckling into a beautiful swan.
The former Hurlimann Brewery in Zurich has a completely new look. The hotel is located in the historic part of town and offers its guests 60 luxurious rooms, a comfortable lounge with a large library. It has over 33,000 books and direct access to the pool, which is located on the roof of the building, revealing unique views to the city.
Designers and architects have managed to keep the authenticity of the building. The moveable mirrors, which separate the bedroom from the bathroom, add space to the not-so-large rooms.
Modern building materials and elements have been tastefully combined with the traditional (used during the golden age of brewers) stone, oak bookshelves and tapestries that decorate the walls and add a homely touch to the rooms.
If you’re into such renovation projects, check out the following Bulgaria property for a reasonable price and with great potential for a mansion.
Can you believe, this is a renovated Bulgarian school room?
For details and pictures, please click on the image.
Vivacom has new owners
- The large central building of Telephone Palace
The acquisition of Vivacom (Bulgaria Telecommunications Company) was approved by the European Commission and local regulators, Vivacom said in a regulatory filing in Sofia today.
Viva Telecom Bulgaria EAD, owned by affiliates of Russia’s VTB Capital Plc and Sofia-based Corporate Commercial Bank AD (6C9), acquired 94 percent of Vivacom (5BT) AD, Bulgaria’s second-biggest phone company by clients.
VTB Capital and Corporate Bank signed an agreement with Vivacom’s creditors on Aug. 7 to pay 130 million euros ($165 million) for a 94 percent stake in Vivacom and pay debts worth 588 million euros, which have been reduced from 1.7 billion euros through debt repayment, equity conversion and debt write off, it said.
the interior of properties such as the Telephone Palace in Sofia could be converted to high class Bulgarian Real Estate in some prime locations
“Vivacom’s sale is good news,” Veselin Radoichev, an analyst at First Financial Brokerage House in Sofia, said by phone. “The new owners, partly being Bulgarian, will probably tighten spending and improve the balance sheet. They may choose to divide or sell some of its assets and at a later stage sell the company to a strategic investor for a much higher price. Vivacom’s mobile unit is performing very well.”
Vivacom reported on Oct. 17 a 34 percent profit increase for the first nine months to 33 million lev ($21.4 million) from a year ago, driven by a 12.4 percent rise in sales of mobile services, which amounted to 296 million lev. Fixed-line sales declined 9.3 percent in the same period.
Vivacom controls about 15 percent of the mobile services market and has room to expand, Radoichev said. Vivacom competes with Telekom Austria AG (TKA)’s Mobiltel, and Globul, which is controlled by Greece’s Cosmote SA.
Vivacom’s creditors, which took over the company after it breached terms on 1.6 billion euros of loans in 2011, rejected bids in May by Turkcell Iletisim Hizmetleri AS (TCELL) and Icelandic billionaire Thor Bjorgolfsson, who controlled the company between 2005 and 2007.
The loans were arranged by Deutsche Bank AG, UBS AG (UBSN) and UniCredit SpA (UCG), along with Royal Bank of Scotland Group Plc to finance Vivacom’s 2007 buyout, according to data compiled by Bloomberg.
Vivacom fell 7.7 percent to close at 3 lev in Sofia yestaerday, compared with a close on Nov. 1 when the stock last traded.
Source Bloomberg News, written by Elizabeth Konstantinova in Sofia