The estate of the late Ivaylo Kalushev has become the center of a legal and financial dispute as his mother, Stela Nestorova, moves to sell two significant properties: the “Petrohan” lodge and a residence in the village of Bulgari.
The sale of these assets comes amidst conflicting claims regarding Kalushev’s final wishes and the legal standing of his inheritance.
The Petrohan Lodge: Value Versus Reputation
The “Petrohan” lodge is currently listed for sale, with rumored pricing reaching 1 million euros, though no formal negotiations have been initiated. Despite the property’s “sinister” reputation following the triple suicide of Plamen Statev, Decho Vasilev, and Ivaylo Ivanov (known as “Ivey”), it remains a high-value asset due to its location.
The Bulgarian Tourist Union (BTS) has reportedly shown serious interest in the lodge because it serves as a critical stop along the Kom-Emine route.
Kalushev acquired the massive facility in 2020 from Fidos Iskrenov, the father of former GERB MP Iskra Fidosova, for 90,000 leva. The property is fully electrified and supplied with water, featuring a restaurant, a cafe-aperitif, an additional building, and parking for 20 vehicles.
A year after the purchase, Kalushev leased the building to Ivaylo Ivanov (Ivey) and subsequently purchased an additional 5 decares of land adjacent to the lodge.
Real Estate in Bulgari
The second property for sale is a house located in the village of Bulgari, within the Tsarevo municipality. Kalushev purchased the 144-square-meter home in 2022 for 117,000 leva.
In 2023, he expanded the holding by acquiring a neighboring plot for 40,000 leva. While the purchase prices were relatively low, brokers currently estimate the value of this property at approximately 250,000 euros.
A Brewing Inheritance Conflict
The transition of these properties to Stela Nestorova has not been without contention. Ralitsa Asenova, the mother of Niki Zlatkov, claims that Kalushev personally showed her a will that designated different heirs for the properties.
According to Asenova, the will specified that the Petrohan lodge should be given to Niki Zlatkov, while the house in Bulgari was intended for Alex Makulev.
However, a comprehensive check of all notaries revealed that no such will was ever registered. Legally, this means the document—if it exists—was merely a statement of preference without any binding legal authority. All properties were inherited by Kalushev’s mother.
Potential Future Developments
The resolution of the estate may depend on whether the Bulgarian Tourist Union moves from “serious interest” to formal negotiations for the Petrohan lodge.
the dispute over the unregistered will could either fade as the properties are sold or lead to further civil disagreements among the mentioned parties, though the current legal framework favors the registered heir.
Frequently Asked Questions
Who is currently selling the properties?
The properties are being sold by Stela Nestorova, the mother of Ivaylo Kalushev.
Why is the Bulgarian Tourist Union interested in the Petrohan lodge?
The lodge is considered a key stop on the Kom-Emine route.
Is the will mentioned by Ralitsa Asenova legally valid?
No. Checks with all notaries confirmed that no such will is registered, meaning it has no legal value.
Do you believe the history of a property should impact its market value, or is location the only factor that matters?
