Luxury Hotel (Building) for Sale in Batumi,Georgia

Batumi, Georgia
Asking Price: $6,500,000
Business For Sale Details
Listed on Apr 23, 2024

Business Overview:
Our hotel received an award in its category from the booking. com website. It is right opposite Batumi Port and located in the center of the historical and touristic area called "Old Batumi".

Products & Services Overview:
Our guests, who prefer to stay in larger rooms compared to normal hotels, prefer our home-like rooms. Our largest room is 54 sq. m and our smallest room is 30 sq. m.

Assets Overview:
- Security Technology.
- Management Technology (computers, printers and software)
- Ventilation System.
- TVs, Beds, Tables, Carpets and Cabinets in the rooms.
- Artifacts used for decoration.
- Kitchen, Tables, Bar and Chairs used in the restaurant.
-Retractable Awning System used on the Terrace.
- Music System.
- Meeting room Projection System.

Facilities Overview:
The building of the hotel is a historical building. The exterior and interior facade was restored with original decorations. It consists of 4 floors in total and has a large store that can be rented on the ground floor.

Capitalization Overview:
The business is able to finance itself thanks to its annual profit. It does not have any debt. There is no partnership and 100% of the business is owned by single person/company group.

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Financials (USD)

Asking Price $6,500,000

Cash Flow $350,000

Sales $6,500,000

Deal Terms

Represented by broker? No

Buyer Fee? Available On Request

Seller Financing? No

Willing to co-broke? Yes

Principals only? Available On Request

Franchise? No

Management will stay? No

Relocatable? No

Real Estate? Yes

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