Commercial property for sale: 2,200 m² in Tbilisi, Makhata Ascent, 23 – $3,500,000

Jazz Hotel – Operating 4★ Boutique Hotel • 13% Cap Rate A fully operational hospitality asset in one of Tbilisi’s most promising growth zones – with a proven business model and above-market returns. 13% Cap Rate. An established business with stable cash flow and growing operating profit for two consecutive years – not a “paper project.” Rated 8.9 “Excellent” on [link hidden] with 1,770 reviews. Strong reputation, high OTA rankings, and a loyal guest base – generating income from day one of ownership. Ready management team. The current operational team is prepared to remain as the management company under market conditions – 15% of profit. The investor receives a largely passive asset while retaining all operational expertise and existing contracts. No capital expenditure risk. The property underwent a full renovation in 2025. No major investments are expected for the next 5 years – ensuring clean cash flow without deferred expenses. Built-in revenue growth potential: • rooftop space prepared for a restaurant/lounge with panoramic views – a high-margin profit center • fully equipped fast-food unit on the first floor, currently available for lease – additional rental income with no extra capex required Strategic location. The Tbilisi Sea area is rapidly transforming into the capital’s future tourism cluster. Nearby attractions include Gino Paradise water park, the Tbilisi Boulevard project, the new Tbilisi Zoo, and multiple recreational zones. Property highlights: 44 rooms with balconies • wellness area with pool and sauna • rooftop terrace • parking • commercial space on the first floor. Included in the transaction: Freehold land plot of 959 m² • building of 2,183 m² • all FF&E • active OTA, B2B, and utility contracts • operational team. Existing brand and online presence available upon agreement. Renovated in 2025 • 13% Cap Rate • 8.9 rating • passive ownership structure • no capex required for 5 years • clear growth opportunities • located in the center of Tbilisi’s emerging tourism district.