White Lagoon Resort Takeover Highlights Industry Risks And Rewards

US firm TransGlobal Assets' acquisition and securing of financing for the completion of White Lagoon Resort - a partially built tourism complex on Bulgaria's Black Sea coast - is encouraging news for a development that was started back in 2002. BMI notes that while the venture into Bulgaria's depressed property sector ties in with the US firms' strategy of targeting undervalued assets; it is not one without risks.

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