5 LECH AND MARIA KATCHINSKY ST
Hotel for Sale in 5 Lech and Maria Katchinsky st USD 24,000,000
PROPERTY DETAILS
DESCRIPTION
100% company share sale of a newly constructed 10,162 sq.m. integrated hotel, spa, and casino resort in Batumi's rapidly developing coastal corridor. The asset features 106+ hotel keys, a dedicated 1,830 sq.m. casino space, and 3,244 sq.m. of luxury wellness and dining facilities. The structure and exterior are complete, with interiors in black frame condition ready for immediate, bespoke fit-out. Qualifies for a highly lucrative 10-year casino license exemption.
Hotel Component (5,087.90 sq.m.): 104 to 106 premium guest rooms spread across levels +9.50 to +31.90. Casino Venue (1,830.00 sq.m.): A dedicated gaming environment featuring a 1,054.30 sq.m. open gaming hall, a 234.90 sq.m. administrative mezzanine, and 540.80 sq.m. of back-of-house infrastructure. Lifestyle & Public Spaces (3,244.90 sq.m.): Includes an Orchid SPA, heated indoor pool, comprehensive fitness center, massage rooms, sauna, an all-day dining restaurant with an outdoor terrace, and a spacious reception lobby.
Casino License Exemption: Under Georgian gaming regulations, hotels in Batumi operating with 100 or more guestrooms are exempt from the standard annual casino permit fee, creating significant long-term operational savings. Unencumbered Asset: The property is sold entirely free of existing management, franchise, or flag agreements, making it an ideal acquisition for international hotel groups (e.g., Novotel, Marriott, Radisson) or independent casino operators seeking a flagship regional venue. Exceptional Tax Regime: Georgia offers an Estonian-model distributed profit tax system (0% corporate tax on retained/reinvested earnings), no wealth tax, and a low property tax capped at 1%. Clean Transaction Structure: The sale is structured as a 100% SPV share transfer, facilitating a streamlined closing process and clear, unencumbered title.
BUILDING DETAILS
FEATURES
AMENITIES
NEIGHBORHOOD
LOCATION
INVESTMENT SNAPSHOT
PRICE / M²
$4,717
Verdict: partial
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Investment factors
- ✓Public transport YES
Walkable rail or bus access consistently supports resale value and rentability. - ◦Water proximity
Lake, river, or sea frontage and water views command lasting price premiums in most markets. - ✓Schools YES
Nearby schools widen the tenant and buyer pool to families and stabilise long-term demand. - ✓Daily amenities YES
Groceries within walking distance is a top liveability filter for both tenants and buyers. - ◦Parks & recreation
Green space nearby improves quality of life and supports value in dense areas.
Based on OpenStreetMap data. ✓ strong • present ◦ no data.