Investment Opportunity: Luxury Hotel Project in Chakvi
Prime Development Land with Approved Project & Significant Expansion Potential
This is a rare opportunity to acquire a shovel-ready development site in the rapidly growing coastal destination of Chakvi. Located just 1,000 meters from the Chakvi Justice House, this plot offers the perfect balance of administrative convenience and resort-style potential.
Project Highlights:
• Current Status: fully approved luxury hotel project
• Approved Construction Area: 4,600 m2 (total gross build area)
• Expansion Potential: feasibility study indicates the possibility to extend the total construction size up to 12,000 m2, significantly increasing the project's ROI and scale
• Location: strategically positioned in Chakvi, a high-demand area known for its lush greenery and proximity to the Black Sea coastline
The Location:
Chakvi is quickly becoming the preferred destination for high-end tourism and wellness retreats. Its location between the bustling energy of Batumi and the serene Botanical Gardens makes it an ideal spot for a luxury hotel catering to both international tourists and regional business travelers.
Financial Details:
• Asking Price: 450,000 $
• Terms: open to negotiations for serious investors
Investment Analysis:
With the ability to nearly triple the construction footprint to 12,000 m2, this plot represents one of the most competitive price-per-square-meter opportunities in the Adjara region. Whether you choose to execute the existing luxury plans or scale up to a massive resort complex, the infrastructure and location are primed for success.