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Commercial property for sale: 1,279 m² in Batumi, Orbi Residence – $500,000

Iusup Kobaladze St, 2
$‍‍500,000
$‍391 per m2
$
Hotel
property type
property type
1 279 m2
total area
area
Ceiling height
Ceiling height
3 m
Additional
Additional
Balcony, Terrace
Listed
Listed
Today, 11:25
Updated
Updated
Today, 11:25

Description

Sale of active hotel business Sky Inn Batumi – Georgia, Batumi An operational hotel, Sky Inn Batumi, located on the beachfront in one of Batumi's most recognizable buildings, is offered for sale. The hotel occupies the 25th floor of the building with panoramic views of the Black Sea, the city, and the mountains. The property is already functional and listed on all major online booking systems, allowing for a steady tourist flow and room sales without the need to start a business from scratch. Key characteristics: • 30 hotel rooms • 10 Standard Twin • 10 Standard Double • 7 Family Rooms • 3 French Deluxe • 77 total capacity • Total area – 1,279 m² • Cafe-restaurant with 40 seats • Parking • Gym • SPA zone Room amenities: Each room is equipped with everything necessary for a comfortable stay: • mini-bar • Wi-Fi • air conditioning • safe • IPTV Redevelopment potential and high profitability A particular value of the property is the possibility of viewing it not only as a turnkey hotel business but also as an investment project for redevelopment. An investor can purchase the entire hotel, carry out remodeling, and divide the property into individual apartments to be sold separately on the market. This strategy allows for the formation of a significantly higher total asset value through the phased sale of individual units. With a professional calculation of the area, renovation costs, and current market prices, the potential difference between the purchase price of the entire facility and the total value of the sold apartments can generate substantial investment profit. Thus, the buyer has several strategies at once: 1. Maintain the existing hotel and receive income from the hospitality business. 2. Perform redevelopment, divide the property into separate apartments, and sell them individually. 3. Combined strategy – keep part of the facility as a hotel and sell the rest as separate apartments. Investment attractiveness This is an opportunity to acquire not just real estate, but a large active asset on the Batumi beachfront with several potential monetization scenarios. The first-line location, panoramic views of the sea, city, and mountains, large area, and the possibility of changing the concept make the property attractive to both hotel investors and developers or investors focused on redevelopment and property resale by individual lots. 📍 Batumi, Georgia 🏨 Sky Inn Batumi 📐 1,279 m² | 30 rooms | 77 capacity The property price, financial model, and calculation of potential ROI during redevelopment are available upon request.
Property ID: 719673
Юрий Юковский
Юрий Юковский
Agent
Agent
Speaks: русский, english, türkçe, français, עברית

Building and location

Iusup Kobaladze St, 2
Batumi, Khimshiashvili District, Orbi Residence
27 floors
Completed in 2015
All listings for sale

Mortgage for buying real estate

Please note that all calculations provided are approximate. For the final figures, we recommend consulting with both the bank and the seller
GEL
USD
You borrow $‍425,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
36 931
monthly payment, a life/property insurance fee is added to the monthly
payment
The provided Nominal and Effect Interest Rates represent the minimum credit facility amount. The actual values will be specified at the time of credit approval. The interest rate given in the table is linked to the public index — Term SOFR.
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