Holiday Inn plans to invest in the construction of hotels in the Bulgarian coastal cities of Varna and Burgas. Recently Holiday Inn opened its first hotel in the residential complex Mladost in Sofia that was rated as the best city hotel for 2006. Some 15 million euro have been invested in the project. Seventy long-term contracts for 100 nightstays per year have already been made with various corporate clients. The Holiday Inn hotel in Sofia has 130 rooms, 10 conference halls, wireless Internet and a state of the art security and management system.
See source