The 25-storey hotel complex is a brand residence 5* (480 apartments), as well as 100 rooms in WYNDHAM Garden
with breathtaking views of the sea and mountains. Unlike the others, the hotel complex is located directly on the first coastline, only 20 meters away from the beach.
Gonio is located between Turkey and Batumi, only 8 minutes drive to the international airport.
In this part, WYNDHAM RESIDENCES BATUMI
will be the first, multi-storey complex of this level with well-equipped infrastructure that meets Wyndham Hotels & Resorts 5-star standards
. The hotels here are in most cases small guest houses and certainly do not belong to any international brand. Therefore, in order to develop tourism potential in Gonio, we must repeat the experience of Batumi: In order to build residences, we need to invite a well-known, international hotel brand, we also need to attract private investments.What is the reason for investing in Georgia, in particular in Batumi?
The point is, investments need to be made from the beginning. Georgia, unlike other Black Sea countries, is only now starting to make a name for itself in the resort real estate market.Batumi
is a national project of Georgia, which is popular as a tourist center, where you can have fun and active recreation throughout the year. 5 million tourists come to Batumi every year, a significant part of which are Gonio. Here the buyer will be offered resort real estate, which is always valuable, especially due to its location – the first coastline. The capital of Adjara has a mild climate, sea and mountains, as well as developed transport infrastructure - air, sea and land transport is available.What makes Georgia attractive?
- Low taxes, easy transport access, foreigners do not pay taxes on the purchase and ownership of real estate.
- Good conditions for business (transparency of operations, the principle of "one window").
- The right to private property protected by the state.
- Citizens of 94 countries do not need visas to enter Georgia, when buying real estate worth $ 100,000 and more, they get a residence permit. It is cheaper to maintain real estate here than in other countries.
- A foreigner can also register a company in a hotel room owned by him, as he is the owner of it and therefore has the right to dispose of his property at his own discretion.
Thus by buying real estate on the first coastline, you can at least be sure that it will never depreciate and with the development of the second, third, fourth, fifth, etc. coastline, your real estate will continue to rise in price.The construction of WYNDHAM RESIDENCES BATUMI complex is carried out by the investment-development company NEXT GROUP, the commercial director of which is Giorgi Zhgenti, who provided us with the details of the project.
Thus the area of the apartments ranges from 29.76 to 58.25 square meters, depending on the planning chosen by the buyer. The price also depends on the planning and the period of purchase. For example, a standard hotel room-studio with an area of 31 square meters, valued at $ 52,449 in April 2022. The next price increase is expected from May 15.
Continuous work is underway at the facility. 4 floors were built in March. You can learn about the progress of the construction from the weekly report of the company, as well as through the official webpage of the company you can follow the current construction in real time. Here you can have access to the price of the available hotel rooms for sale Part of the hotel rooms were sold in 2021.
In order to maintain a favorable tourist climate, private investors can recover their investments in the region fairly quickly. According to the report made by one of the international companies in Georgia, the annual income is 16%, and the return is 7 years.