Borovets, known by the middle of the 20th century as Chamkoria, is the first mountain resort in Bulgaria and on the Balkans. Its history began in 1896 when the Bulgarian monarch, Prince Ferdinand, built his summer residence and several hunting lodges. After the Prince many aristocrats and wealthy families from Sofia began to build villas for summer recreation. One of the historical sights of Borovets is the Tsarska Bistritsa summer royal residence. Built between 1898 and 1906, it served as a hunting lodge with King Ferdinand I (Saxe Coburg-Gotha) and his son, King Boris III. The architectural appearance is influenced by the traditional Renaissance style, but it also features European architectural elements. Today the mansion belongs to the royal family and they spend much of the year here. In 1942 the resort was renamed to Borovets – a literal translation of the Turkish word Chamkoria. In the 1960s and 1970s, the resort grew as the largest winter sports center in the Balkans – ski lifts and lifts were built, wide slopes were formed. The first downhill race in Borovets took place in 1930, and for the first time the resort appeared in the Alpine calendar of the International Ski Federation (FIS) in 1974. To date the resort has hosted 2 World Cups and 12 European Cups.