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Commercial property for sale: 3,745 m² in Tbilisi, Kote Apkhazi St – $16,000,000

Kote Apkhazi St
$‍‍16,000,000
$‍4,272 per m2
$
Hotel
property type
property type
3 745 m2
total area
area
8 floor
out of 8
out of 8
Additional
Additional
Balcony, Terrace
Listed
Listed
Today, 13:35
Updated
Updated
Today, 13:35

Description from the seller

For sale: 75-room hotel in the heart of Tbilisi A 75-room hotel is for sale in Sololaki, on K. Abkhazi Street — one of the most prestigious and highly touristic locations in the city center. The property stands out with its modern design and unique architectural concept. The building is fully equipped with all necessary furniture, inventory, and technical systems, making it a rare opportunity to acquire a fully operational business in one of Tbilisi’s most in-demand areas. The hotel offers an eco-friendly environment, high-speed uninterrupted internet, and a carefully designed guest experience focused on comfort and convenience, including extra-large king-size beds and smooth, fast check-in & check-out procedures. The concept of Glarros OldTown is inspired by the fusion of Old Tbilisi’s unique architecture and modern design, reflected in every interior detail. Features such as a brass spiral staircase, mosaic-decorated interiors, wooden parquet flooring, and other design elements emphasize the authenticity and character of Old Tbilisi. The hotel comprises 75 uniquely designed rooms, featuring interior concepts created by world-renowned designers such as Le Corbusier and others. Additionally, the property includes: Georgian-European restaurant “Gastromania” Meeting rooms Business center Open café with an express-service concept for guests This is a rare investment opportunity to acquire a fully functioning, premium hotel in the absolute center of Tbilisi’s most sought-after tourist district.
Speaks: ქართული, русский, english, türkçe, العربية

Building location

Tbilisi, Mtatsminda District
, Kote Apkhazi St

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 $‍13,600,000 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
1 194 391
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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