GHM, the owner and manager of a hotel portfolio of highly regarded properties such as The Datai and The Setai, said it would open a hotel in Bulgaira under its upscale brand Chedi. The local Chedi hotel will be part of the Thracian Rocks golf resort near Kavarna on the Black Sea, resort manager Josef Halbherr said.

In addition to the 60-suite boutique hotel, the Chedi complex in the resort will also feature 30 villas and nine apartment blocks. The GHM-managed complex should be completed in two years.