Five-Star Hotel 200+ Rooms, Georgia, Eurasia, €65m For Sale

Location: Black Sea Coast, Due West of Tbilisi

Name: TBA

No. of Keys: 200+ Rooms and Suites

The Property: Rooms with private balconies and sea-views, winter-garden, walk-through aquarium, indoor aqua park, seawater pool as well as an indoor pool, panoramic deck, 4 restaurants and bars. The hotel was opened in 2017. The total area is 56,000 sqm. The hotel has a modern decor feel.

The hotel returns a 9% yield. HB

Main Photo: The poolside with sea views

Tenure: Freehold

Brand/Management: Management free on sale; It is under a select up-market brand from one the top five chains

Financials: Available upon signing NDA

Current Owner: Private family

Agent: Local agent in partnership with The Hotel Property Team

Guide Price: €65m

Guide Price per Key: €295,500

Date Posted: February 2020

THPT Comment: This is a great opportunity to acquire a five-star, modern design, resort hotel in Georgia

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.