37-Room Leased Hotel Investment In Yerevan, Armenia For Sale

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

The property is offered as a real estate investment subject to an existing master lease with an independent hotel operator.

The lease commenced March 1, 2026, for an initial three-year term, with an additional five-year extension option.

Current annual base rent is US$432,000, with fixed annual rental increases of 5.5%. Estimated annual net operating income is approximately US$417,000 after approximately US$15,000 in annual ownership expenses.

The tenant is responsible for day-to-day hotel operations, including staffing and guest services.

The purchaser will acquire the real estate subject to the existing lease and receive the contractual rental income.

Additional lease documentation is available to qualified purchasers during due diligence.

Location:

Dave Hotel is strategically located at 4 Proshyan Street in central Yerevan, Armenia, within walking distance of the American University of Armenia, Lovers' Park, and the city's metro system. The property is approximately a 10-minute walk from the Cascade Complex and offers convenient access to Republic Square, the Opera Theater, restaurants, shopping, and major business districts.

The central location appeals to business and leisure travelers and provides convenient access to Yerevan's commercial, educational, and cultural destinations.

Premises Details:

Built in 2021, Dave Hotel is a modern, purpose-built, four-star hospitality property featuring approximately 30,140 square feet (2,800 m²) of improvements on a 6,459-square-foot (600 m²) parcel. The property features 37 guest rooms, including standard rooms, deluxe accommodations, and a balcony suite. Additional amenities include a full-service restaurant and bar, two outdoor cafés, an indoor swimming pool, spa, sauna, steam room, fitness center, conference facilities, and limited on-site parking. The property is currently leased to an independent hotel operator under a master lease that commenced in March 2026. The sale includes the existing hotel furnishings, fixtures, and equipment, as well as the hotel operating license, subject to applicable transfer requirements.

Size in square feet:

30,140

Planning Consent:

The property was purpose-built as a four-star hotel in 2021 and is currently utilized for hospitality operations under an existing master lease.

The sale includes the existing hotel operating license, subject to applicable transfer requirements. Buyers should independently verify all applicable permits, licenses, zoning requirements, and any approvals necessary for their intended use.

Business Operation

Management type:

This business has absentee ownership.

Expansion Potential:

The property offers investors the opportunity to acquire an established income-producing hospitality asset with contractual annual rental increases of 5.5%.

The existing master lease provides predictable rental income during the lease term, while the property's purpose-built hotel infrastructure offers future operational flexibility.

Upon expiration of the existing lease, and subject to applicable approvals and contractual rights, future ownership may consider continuing the existing leasing arrangement, securing another hospitality operator, or resuming direct hotel operations.

The property's existing accommodations, restaurant, conference facilities, and recreational amenities may also support alternative hospitality concepts, including extended-stay accommodations and corporate lodging.

Competition / Market:

Yerevan's hospitality market includes international hotel brands, established local hotels, and boutique accommodations serving business and leisure travelers.

Dave Hotel is differentiated by its relatively recent construction, central location, modern accommodations, and comprehensive hospitality amenities.

Importantly, the property is being offered as a leased investment rather than an owner-operated hotel business. Its current investment performance is primarily driven by contractual rental income rather than daily hotel occupancy or room rates.

Reasons for selling:

Ownership has elected to offer the property for sale as part of its investment strategy.

Trading hours:

The hotel operates as a hospitality property with guest accommodations available 24 hours a day, seven days a week. All daily hotel operations, staffing, and guest services are managed independently by the existing tenant under a master lease.

Employees:

0

Years established:

5

Other Information

Support & training:

The property is offered as an income-producing real estate investment rather than the sale of an owner-operated hotel business.

The existing tenant is responsible for hotel operations, staffing, and guest services. Accordingly, no operational training is required for an investor acquiring the property subject to the existing lease.

Seller will cooperate with the purchaser during the customary due diligence and ownership transition process, including providing available property records, lease documentation, and relevant operational information, subject to applicable confidentiality requirements.

Financing available:

Existing bank financing secured by the property may be assumable by a qualified purchaser, subject to lender approval and applicable loan terms.

The potential assumption of existing financing may provide qualified investors with an alternative to obtaining entirely new acquisition financing.

Additional information regarding the outstanding loan balance, interest rate, maturity date, and assumption requirements will be made available to qualified purchasers upon request.

Lease asking price:

$7,750,000 (USD) - Furniture / Fixtures included