For sale in room 178 of Sasturo Agmashenbeli
Key Information
• Property Type: Hotel 4 stars
• Location: 178 Aghmashenebeli Avenue, Tbilisi, Georgia
• Total Area: 5,172 m²
• Land Area: 1,625 m² (1,449 m² + 176 m²)
• Price: 11 500 000 euro + VAT
• Operation: Operating as an Ibis brand hotel since May 2022
Property Layout and Features
Administration floor (-1)
Ground Floor:
• Reception area
• Lobby with shared lounge
• Restaurant
• Bar
• Private parking area
Guest Floors (1st to 7th):
• 152 comfortable rooms with modern amenities
• Each room offers breathtaking views of the city
• Mixture of single, double, and family rooms
Additional Features:
• Lobby bar
• Restaurant
• Private parking
• Shared lounge
• Close proximity to Dynamo Arena, the largest football stadium in Tbilisi
• Located in the business and shopping area of New Agmashenebeli
• Surrounded by many historical buildings
Location and Accessibility
• District: Chugureti, Tbilisi
• Nearby Landmarks: Close to Dynamo Arena (largest football stadium in Tbilisi)
• Accessibility: Excellent public transport access (bus lines, metro stations - Station Square, Marjanishvili)
• Neighborhood: Located in a mixed development area (residential, commercial, hotel) surrounded by historical buildings and major retail streets (Aghmashenebeli Avenue, Marjanishvili Street)
Description of Potential
Commercial Potential:
This 4-star hotel in Chugureti, Tbilisi, offers an outstanding investment opportunity. Its strategic location in the heart of the city's business and shopping district, combined with its modern amenities and historical surroundings, make it a highly attractive property for a range of commercial uses.
Possible Uses:
1. Continued Hotel Operations:
• Maintain current hotel operations, capitalizing on the existing full-capacity business model
• Potential to increase room rates due to high demand and prime location
2. Event and Conference Venue:
• Utilize the hotel's restaurant, bar, and shared lounge for hosting events, conferences, and business meetings
• Attract corporate clients due to proximity to business district
3. Mixed-Use Development:
• Convert part of the hotel into office spaces or serviced apartments
• Utilize the existing restaurant and bar to serve both guests and local clientele
Investment Highlights:
• Prime Location: Situated in Chugureti, a central and dynamic area in Tbilisi with high foot traffic
• Full Capacity Operations: Hotel has been operating at full capacity since mid-2021, demonstrating strong demand and profitability
• Modern Amenities: Includes a restaurant, private parking, bar, and shared lounge, enhancing guest experience
• Proximity to Attractions: Close to Dynamo Arena and surrounded by historical buildings, appealing to both tourists and business travelers
Summary
This 4-star hotel property at 178 Aghmashenebeli Avenue represents a unique investment opportunity in the heart of Tbilisi. Its operational success, prime location, and potential for further development make it an ideal acquisition for investors seeking to capitalize on Tbilisi's growing tourism and business travel market.
Price: 11 500 000 euro + VAT