Several Casino & Hotels, Batumi & Tbilisi, Georgia…Both Fully Open and FF&E Required To Be Completed, For Sale
Location: Batumi and Tbilisi, Georgia
Names: Branded & Unbranded
Guide Price: From US$300 to $500k a Key
No. of Keys: From 170 to 300
The Opportunity:
We have 5 four/five star hotels either open and/or ready to be opened 2022/23…all of which have casino licences – a major draw for incoming business from Israel, Turkey and the rest of Europe, leisure and meeting facilities…..everything one would expect from a resort hotel. Typically the casinos have between 20 and 25 tables and 150 slot machines.
Design and architecture is larger than life and fabulous wining and dining comes naturally here. Four of the hotels are set in the coastal resort area of Batumi, within walking distance of gorgeous Black Sea beaches. Restaurants, cafés, bars and shops line the nearby Batumi Boulevard. Admire the landmark Statue of Love or visit the Gonio Fortress to learn about the legends and myths surrounding its ancient ruins. Other area highlights include national parks, sculpture gardens and ancient Roman structures. You can spend the day touring the Batumi Botanical Garden and the evening partying in one of the city’s exciting nightlife areas.
Tbilisi is the capital of the country of Georgia. It’s cobblestoned old town reflects a long, complicated history, with periods under Persian and Russian rule. It’s diverse architecture encompasses Eastern Orthodox churches, ornate art nouveau buildings and Soviet Modernist structures. Looming over it all are Narikala, a reconstructed 4th-century fortress, and Kartlis Deda, an iconic statue of the “Mother of Georgia.”
Flag & Management: Free to new owner
Main Photo: The Batumi coastline, where one of our hotel is located
Financials: 2019 accounts or business-plans after submission of an EOI
Tenure: Freehold
Agent: Local agent in partnership with THPT
Date Posted: November 2021
THPT Comment: The modern, high-finish and lavish decor hotels in these two locations in Georgia, are up to top-end global hotel group’s requirements in a country known for some of the finest food and wine in the region. Casino income is an added-bonus.
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 week we mail the opportunities posted in that period, 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. For more information – Visit www.thpt.co.uk or email info@thpt.co.uk
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.
