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3 069 907 €
3 069 907 €
| Sale price | 3 069 907 € |
| Price per square meter | 1 395.41 € |
| Floor area | 2 200 m² |
| Construction phase | Resale |
| Number of storeys | 5 |
| Floor | 5 |
| Parking | 12 places |
| Address | Georgia, Tbilisi, 23 Makhata Rise, Tbilisi 0103 |
| Location | at the seaside |
| to the airport | 15 km |
| Profitability | |
|---|---|
| Annual return | 13 % |
|
Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100% |
|
| Annual income | 394 702 € |
|
Annual rental revenue, excluding operating expenses |
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Jazz Hotel — Operating 4★ 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” onwith 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 to be required 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 future profit center.
Fully equipped fast-food unit on the first floor, currently not leased — 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.
Detailed financials and investment materials
Contact:
+995 514 58 18 18 —,,
