5 Star Spa hotel Strimon spa club PROPERTY DESCRIPTION 5 Star Spa - - PowerPoint PPT Presentation

5 Star Spa hotel “Strimon spa club”

5 Star Spa hotel Strimon spa club has received the following prestigious awards:

• “Best Medical Spa program in Bulgaria for 2013" for „Kh+DEKLEP” program”
• “Best Spa Hotel in the Balkans –2012”
• “Spa Hotel of 2006”
• “Golden Award” in the category “Best 5 star hotel 2007“

The Property Comprises

• Land area 4,023 sqm
• Gross Built-Up Area of 7,195.09 sqm
• Spa Gross Built-Up Area: 1,100 sqm
• Equipment and furniture meeting the 5 star criteria
• The hotel has the following vehicles at its disposal -SUV Mazda 5/2006 onwards;

luxuriously equipped van 6 +1 seats WV Transporter / 2006.

• Concession for mineral water with an annual volume of 19,000 cubic meters
• Contracts with 200 tour operators
• 5 star hotel, restaurant and lobby bar, a 4 star pool bar.

PROPERTY DESCRIPTION

Hotel rooms

Restaurant and Lobby bar

SPA & Wellness

LOCATION AND SURROUNDING AREA

The town of Kyustendil is located 80 km southeast of the capital Sofia, and 20 km from the FYROM (Macedonia) and Serbian borders. The hotel is conveniently positioned at around 110 km from Skopje and 190 km from Thessaloniki. Spa hotel “Strimon spa club” is situated in close vicinity to three famous ski resorts-Bansko, Borovetz and Vitosha mountain. Location on the map of Bulgaria: http://www.journey.bg/bulgaria/map.php?region=5

HISTORIC EVIDENCE

Kyustendil is a famous spa resort, having earned its fame through the centuries. Various legends and monuments suggest that the mineral water flowed freely to the surface for more than 25 centuries. It is the main reason that attracted the attention of the Thracians. As a direct result different villages arose, one of which serves as the basis and birth spot of today's

• Kyustendil. It is believed that in this region lived mainly two Thracian tribes, which bore the

names Paetiand Denthelethae. This occurred at the end of the VI and the beginning of V century BC. The aforementioned tribes are also the founders of the settlements in the region of what currently is known as the Kyustendil area. Until today there have not been any sources indicating its name during this period. Furthermore, the wealth of mineral waters had been greatly appreciated by the Turks, who operated about 20 water sources and built 12 bathrooms, three of which have survived to this day. Of these, only Dervis bathroom, built in 1566, is preserved in its original form and is located within the boundaries of the National architectural and Archaeological reserve "Pautalia-Velbazhd-Kyustendil.”

It was not until 1910 when on the foundations of the old Turkish baths were built two new bathrooms –the “Chifte" and the "Alay". They were used or hygiene and spa

• needs. At this time an organized, urban sanitation aid did not exist. All issues were dealt by

a doctor –who acted as a manager of the bathrooms. Yet the city was visited by patients who were treated without showing any medical problems. This can be explained by the very positive effect of the mineral bathrooms. Throughout the 1920s and 1930s, Kyustendil became famous with the healing quality of its water and attracted thousands Bulgarian spa treatment seekers and resort enthusiasts. Since 1928, balneotherapy, which was limited to a stay in a mineral water pool, was conducted under the supervision of a medical doctor specifically serving this purpose. The city continued to evolve as a spa center. In 1956 was built the House of the working peasants -the predecessor of “Strimon spa club”. In 1966 the town of Kyustendil was declared a national center, a modern balneotherapy hospital was opened, and several new sanatoriums were built. In a document issued by the Ministry of Health, dated 8 March 1994 the city of Kyustendil is defined as a spa resort of national importance. In its composition property, the mineral water of Kyustendil is sulfuric in nature. The chemical composition of the water shows a very close resemblance to the French spa places Eauxle Bonnes, Bagneresde Luchon, Baregeset cauterets, located in the Pyrenees Mountains.

HISTORIC EVIDENCE

PREDECESSOR OF SPA HOTEL “STRIMON SPA CLUB”

In 1966 the town of Kyustendil was declared a national spa resort, the balneological center was opened, and the House of the working peasants that had been built a few years back transitioned to this national complex. On top of the varying activities that were performed, the home had two separate "internal medicine“ departments, along with "Gynecological diseases and infertility" departments with a 100 beds base. Considering the historical era, the conditions in the sanatorium were excellent and it showed signs of rapid development, with very high rates of occupancy. Most patients were women and families that sought for treatment of infertility. This period is notable for four main factors:

• High popularity and a very good therapeutic effect in families with infertility;
• High popularity and a very good therapeutic effect in inflammatory gynecological diseases in

patients;

• Various additional treatments that complemented spa treatment;
• Great success in treatment of infertility; The success rate in the treatment of infertility was

between 33% -43%, which is both scientifically and statistically proven. In this period, The Institute of Obstetrics and Gynecology performed scientific studies on the impact of the properties of mineral water in inflammatory gynecological diseases; in endocrine infertility, where there is absence or rarely occurring menstruation; in men with prostate inflammation. The majority of patients were Bulgarians. Foreigners came from all over Europe, mainly from Germany, Finland, Greece, Macedonia, Serbia and the Middle East.

SPA SERVICES AND UTILITIES

• Manual therapy
• Roman bath with three mineral water pools –with water temperatures of37°С, 42°С and

18°С, respectively

• Normal temperature water swimming pool, with a

separate section for children

• Aroma therapy (with medicinal herb oils)
• Thalassotherapy (with sea weeds)
• Gym
• Ayur Veda
• Classical Finnish sauna
• Infrared sauna
• Heat stone massage
• Mud treatment
• Solarium
• Relaxation hall
• Cleopatra's bath (with milk, cocoa milk, chocolate milk)
• Spa-capsule
• Beauty salon –hair and beauty care
• Pedicure
• Manicure

REDOX POTENTIAL (ORP) Definition: “Reduction potential is a measure of chemical activity of elements or their compounds in reversible chemical processes associated with the ion charge change in solutions”. In popular language, it means that ORP, also called redox potential (RedOx –Reduction /Oxidation), characterizes the activity rate of electrons in reduction/oxidation processes, i.e. reactions associated with the sharing or transfer of electrons. ORP for each reduction/oxidation reaction is measured by a complex formula, in millivolts (mV). It may have a minus or a plus sign (“+” or “-“). It is measured using an ORP meter. In natural water, ORP’s value varies from -400 to +700 mV, and determines all oxidation and reduction processes in it. In equilibrium conditions, ORP’s sign characterizes the water environment. ORP’s value allows us to draw some general conclusions about the chemical composition of water. Depending on ORP’s sign, there are several main situations occurring in natural waters:

• 1. Oxidation–with + sign from 100 to 150 mV. It characterizes the presence of free oxygen in the

water, and a number of chemical elements with absolute valence (Fe3+, Mo 6+, As 5-,V5+, U 6+, Sr 4+, Cu 2+, Pb 2+).

• 2. Transitional oxidation/reduction –determined by ORP’s value from 0 to +100 мВ, unstable

geochemical condition and variable content of hydrogen sulphide and oxygen. In these conditions, there is a slight oxidation and a slight recovery of the metals.

• 3. Reduction-ORP’s sign is below 0. Typical for waters with the presence of metals with low valence

(Fe2+, Mn2+, Mo4+, V4+, U4+) , and hydrogen sulphide. ORP is interrelated with pH and depends on the temperature.

MINERAL WATER

IMPORTANCE OF ORP ORP of most types of water available to people (tap water, well water, bottled water) is from +100 to +400 mV. The water with high healing properties and from regions with long livers usually has a negative ORP. ORP of the internal environment of a healthy human body is always negative, from 0 to -200

• mV. This means that when there’s water with positive ORP in the body, you spend energy on its absorption

in order to restore ORP to necessary levels. If ORP of the water is close to the ORP of the body, it is absorbed immediately because it enters the cell easily. If the ORP of the water is more negative than the body’s ORP, the water provides the cells with additional energy and antioxidant protection. ORP values, mV

• Arterial blood
• 70
• Venous blood
• 57
• Internal environment of a healthy human body
• 70
• Freshly squeezed juice
• 30 to-70
• Freshly squeezed juice after 1-day storage of fruits

+50 to+100

• Spring water in regions with long livers

+30 to+70

• Tap water

+220 to+380

• Bottled water

+210 to+400

• Optimum environment for maximum spermmotility
• 130
• Optimum environment for beneficial bacteria growth

+50 to-200

• Mother’s milk
• 70

MINERAL WATER

Newest concepts on the benefits of water with negative redox potential International scientific studies show that the water with negative redox potential:

• Helps to eliminate the infectious and inflammatory conditions of the prostate;
• Stimulates the growth processes, physiological and reparative regeneration;
• Influences the regulation of growth processes and the work of the cells from all

kinds of tissues;

• Normalizes the metabolism;
• It is a systemic medication for excessive fatigue, asthenia and weakness;
• Helps to reduce edemas;
• Reduces arterial hypertension;
• Helps to prevent oncological diseases;
• Reduces the need of insulin in diabetes patients;
• Increases the activity of the enzymes of tissue breathing;
• Reduces the risk of ischemic heart disease;
• Possesses antiviral properties related to the viruses of hepatitis C, type I and II

herpes, avian flue (H5N1) and flue “А”;

MINERAL WATER

Newest concepts on the benefits of water with negative redox potential

• Restores and activates the immune system in immunity compromised patients and

after immunosuppressive therapy;

• Normalizes the gastrointestinal tract microflora through stimulation of normal

microflora growth (bifidus bacteria and lactobacillus) and suppression of pathogenic and opportunistic pathogenic microflora;

• Possesses high antioxidant and antimutagenic properties;
• Restores the detoxifying function of the liver;

Acts as a biostimulant for restoring the liver tissues;

• Reduces the intensity of allergic reactions and dermatosis;
• Possesses antiseptic properties;
• Helps wound healing and possesses anti-inflammatory properties;
• Increases the redox potential and normalizes the рН balance in the body.
• Helps slow aging down.

MINERAL WATER

Classic concepts of medical science about the healing properties of the mineral water in

“Strimon spa club”

Kyustendil mineral water owe its healing power to its mineral content, and main

• lytosulphur. The medical science found that the different kinds of sulphur are very

important for human body and particularly for the normal condition and work of joints, cellular growth and normal work of the glands of internal secretion. The sulphur content in the tissues helps keeping them fresh, flexible and elastic. It is known that there is a significant sulphur deficiency in the tissues of rheumatic patients. The sick tissues satisfy their need in sulphur with the aid of Kyustendil mineral water. This sulphur in the form off reeor half-bonded hydrogen sulphide penetrates through the skin during the baths, gets into the blood stream through lungs and travels to the necessary places in the body. Despite the sulphur deficiency in rheumatic patients, the irtissues produce alargea mount of tissue sulphur which is eliminated from the body through urine. This inexplicable loss of sulphur leads to serious connective tissue disorders and unpleasant joint problems. The joints lose their flexibility and ability to move well which leads to rheumatic pains. The long-term observations show that the balneological treatment in Kyustendil changes this paradox and gradually makes the body appreciate its tissue sulphur, stops its elimination and improves the sulphur balance in the body. As a result, this treatment eliminates the pains, improves the flexibility of joints and overall body health.

MINERAL WATER

Classic concepts of medical science about the healing properties of the mineral water in

“Strimon spa club”

Moreover, the Kyustendil mineral water stimulates the blood circulation and the glands of internal secretion which leads to improvement of all metabolic processes in the

• body. These properties of the water explain the positive results achieved in balneological

treatment of chronic inflammatory processes, such as peripheral nervous system diseases, gynaecological disorders that prevent pregnancy, chronic inflammatory diseases of the upper respiratory airways, etc. Drinking treatment. Some chronic stomach and colon diseases may be successfully treated through drinking mineral water or through a combination of drinking and mineral baths. In case of heavy metal intoxication (lead, mercury, bismuth, etc.), the sulphur from the mineral water forms chemical bonds with these poisons and eliminates them from the body. Inhalation application:

• Lung diseases
• Tracheitis
• Tracheobronchitis
• Bronchial asthma
• Bronchiectasis

MINERAL WATER

Indications for treatment:

• Gynecological diseases: chronic inflammatory processes of genitals, testicular

disorders, various types of sterility;

• Male genitals diseases: chronic prostatitis, vesiculitis, epididymitis, pathospermia,

male sterility;

• Locomotor system diseases: chronic arthro-rheumatic diseases (arthritis, arthrosis,

polyarthritis, spondylarthritis), degenerative bone diseases;

• Traumatological orthopedic diseases: traumatic diseases of bones, joints, muscles,

tendons, posttraumatic conditions –distortions, luxations, fractures, postoperative conditions, etc.

• Nauralgic diseases: neuralgia, neuritis, radiculitis, plexitis, discopathy, disc

herniation, consequences of injuries and traumas of the peripheral nervous system, postoperative conditions; All these indications are scientifically and statistically proven through the long-term use of the Kyustendil water for treatment.

MINERAL WATER

According to modern concepts, the exceptional healing properties of Kyustendil mineral water at Spa hotel “Strimon spa club” are associated mainly with the negative redox potential. It is

uniquely high –minus 340mV. Mineral springs with such high negative ORP are extremely rare in the world.

When patients undergo balneological procedures with this mineral water, they lead to the so-called noncontact body activation – the negative redox potential of all body fluids increases through the skin providing the cells with additional energy and excellent antioxidant protection. The balneology together with the other medical traditional and alternative methods used at Spa hotel “Strimon spa club” give excellent results in the treatment process.

MINERAL WATER

• "I have a baby" -health program for two. The latest Medical Spa program with the

potential to achieve a success rate of over 40% in infertility treatment

• Programs for the treatment of chronic gynecological inflammations
• Training programs for women going for in-vitro pregnancy
• "Anti -stress and detox" -health program
• “Kh+DEKLEP" -Medical rehabilitation program. On 26 March 2014 this program

won the award "Best Medical Spa program in Bulgaria", presented by the Bulgarian Union of Balneology and Spa Tourism

• Medical procedures -inhalations, colon hydrotherapy, skin cleansing, machine

based detoxification, ionization system Medical care in the Spa hotel “Strimon spa club” is registered with the District Health Inspectorate of the Ministry of Health. Health services are offered together as a joint venture with the medical center "Medbio plus“. On the territory of the hotel are currently functioning two consulting rooms, physiotherapy procedures cabinets, manipulation room, procedural room for colon hydrotherapy, and five procedural cabinets for bowel irrigation. All units meet the health standards for medical activities.

MEDICAL SERVICES AND PROCEDURES

The hotel part benefits from 71 hotel rooms, including 66 single or twin beds, 3 studios and 2 apartments. All rooms have balconies or French windows, air conditioning and fire alarm system, satellite TV, radio, direct dial telephone with voice mail, mini bar, personal safe, hair dryer, spacious bathrooms with bathtubs or showers, 24-hour room service, laundry and dry cleaning; the ground floor meets the European requirements to accommodate people with disabilities. The hotel also provides the following services:

• Reservation and business services.
• Excursions (trips) and organized walking tours.
• Bicycles and sports equipment rental.
• Passenger services and transfers.
• A stand for books, newspapers and souvenirs. Multimedia equipment.
• Multi-function rooms for seminars and trainings.
• F&D services (food and drinks) -breakfast buffet, a restaurant with a select local

and Mediterranean cuisine, health and diet menus.

ACCOMMODATION

• Hotel -136 seats of regular beds
• Restaurant -160 seats
• Garden Restaurant -70 seats
• Lobby bar -18 seats
• Garden lobby bar -15 seats
• Pool bar and spa -25 seats
• Multimedia Conference hall -80 seats
• Multi-purpose hall -35 seats

CAPACITY STAFF

The staff consists of 70 people with high degree of education. Almost all staff speaks English and/or Russian. The hotel operates the following departments: Manager, Administration, Reception desk, Piccolо (bell boy), Housekeeping, Technical Department, Support, SPA center, Bartenders, Waiters, Kitchen, Musicians. The personnel of the medical center comprises a doctor with a degree in “Internal Medicine”, a doctor in "Physical and Rehabilitation Medicine“, a doctor with a specialty "Obstetrics and Gynecology“, and two nurses.

The hotel benefits from the following utilities and amenities:

• Outdoor parking - 40 parking spaces
• Indoor garage - 10 spaces, with an indoor connection to hotel lobby
• Panoramic elevators – 3 pcs
• A maids office on each floor equipped with a bathroom
• Office staff lift
• Basement

Spa Business unit (washing, drying, ironing) Maintenance workshop Inventory and auxiliary storage

ARCHITECTURE AND BUILDING INFRASTRUCTURE

• Ground floor

Centralized reception desk lobby Lobby bar with a terrace Reception Luggage compartment Security room Lobby in front of the second staircase Restaurant with a garden Kitchen Hotel rooms Administration Room for medical procedures

ARCHITECTURE AND BUILDING INFRASTRUCTURE

• Second floor

Hotel rooms Medical center with functional and medical offices Administration

• Between the second and third floor there is a multifunctional hall that can be used

for babysitting, birthday parties, and for smaller conferences and seminars.

• Third Floor

Hotel rooms Terrace for breaks and relaxation

• Fourth Floor

Hotel rooms Executive Lounge

• Fifth Floor

Hotel rooms Luxurious penthouses Large conference room

ARCHITECTURE AND BUILDING INFRASTRUCTURE

Parameter 2011 2012 2013 Days Off Season Days of Operation 365 365 365 Available Rooms 26,280 26,352 26,280 Room Occupancy 30.7% 46.3% 46.7% Available Beds 47,450 47,580 47,450 Bed Occupancy 30.5% 32.5% 39.4% Total Revenue, € 689,221 838,344 1,047,689 Total Expenses, € 752,622 786,367 838,613 Gross Operating Profit, €

• 63,401

51,977 209,076 BULGARIAN TAX REGIME

• Corporate Tax: 10%
• VAT: 9% for accommodation and tourist packages; 20% on all other services and products
• Dividend Income Tax: 5%

INDICATIVE SALE PRICE: EUR 9,300,000

FINANCIAL INFORMATION

If you need any further information, please do not hesitate to contact us. CONTACT PERSON Ivan Lesev, CEO

• tel. +359 888 542970

e-mail: boss@strimon-spaclub.com www.strimon-spaclub.com