Commercial property for sale: 1,087 m² in Tbilisi, Yuri Gagarin St – $2,900,000

Hotel for sale. Located in Tbilisi, near Gagarin Square. The hotel has been fully operational for two years. The first year was dedicated to testing and market positioning, and it is now running at full capacity in its second year. The property functions as a 4-star boutique hotel. Infrastructure and Services: • 27 fully equipped rooms • Fully equipped conference hall with a separate translation booth. Capacity: 70 people in theater seating and 30 people in U-shape setup • Outdoor pool equipped with the latest Italian filtration and water heating systems • Fitness center and sauna with private bathrooms • Fully equipped breakfast area • Two fully equipped kitchens, one featuring a professional bread oven • Business meeting space • Administrative office and manager's office located in the lobby • On-site laundry for towels and robes; other laundry services are outsourced • 8th-floor office space — 80 m² • Housekeeping technical rooms on the 3rd and 6th floors, equipped with professional Kärcher carpet cleaners Technical Features: • All main vertical risers are equipped with specialized odor removal devices • Each bathroom has an individual ventilation duct to prevent odor transfer between rooms • All pipes are covered with specialized soundproofing materials; additional sound insulation is installed in the ceilings • 100 kW power generator • 5-ton backup water tank with a specialized pump system for even distribution across all floors • Central heating and air conditioning system (chiller and fan coils) • High-speed Wi-Fi throughout the building • Electronic fire alarm system • Central audio system in all rooms and corridors • USB and Type-C sockets located near the beds in all rooms Interior and Equipment: • Equipped with new upholstered furniture. High-quality 25 cm spring mattresses made in Tbilisi, Turkey • Natural veneer doors with automatic guillotine-type seals to prevent light leakage • Bathrooms feature Creavit toilets, Geberit flushing systems, and stone-finished sinks on stainless steel frames • Bidets installed in all guest bathrooms • Rooms and corridors feature high-quality Hilton-standard carpets imported from Uzbekistan • Electronic door locks with an energy-efficient key card system • Rooms include modern TVs, minibars, scales, ironing boards, irons, and safes • Elevator (not ADA compliant) serves the left wing from floors 0 to 6. The right wing is connected by a wooden staircase, with both wings joined by a hall on the 3rd floor • Full-time maintenance staff ensures the building remains in pristine, renovated condition • Over 200 handmade oil paintings on canvas throughout the hotel Price and Financial Structure: Hotel Price: $2.9 million + 18% VAT (VAT is refunded to the buyer by the Georgian state in local currency after the purchase) Structure: • Bank loan: $1.7 million • Equity: $1.2 million • Total (debt + equity): $2.9 million Valuation and Investment Appeal: • Total building area: 1807 m² • Land plot area: 455 m² The listed price is exceptionally low and significantly below market value, strictly due to the necessity of an urgent sale. Similar prices in the same area apply only to new residential builds in "green frame" condition.