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Established Hotel/Casino In Georgian Mountains For Sale

Georgia
Asking Price:
$8,000,000 (USD)
Sales Revenue:
$1M - $5M (USD)
Cash Flow:
$500K - $2.5M (USD)

AN EXCLUSIVE OFFER! A YEAR-ROUND RESORT!
CONSISTENTLY MORE THAN 10 METERS OF NATURAL SNOW FOR COMFORTABLE SKIING AND FREERIDING IN WINTER AND AN OASIS IN SUMMER.
5* HOTEL and CASINO.
The land is owned.
A five-star hotel complex is offered, located on the territory of the ski resort, with direct access to the ski slope.
The investment of local authorities in the development of this area is a priority. There are 3 lifts in operation, and construction has begun on 2 more. The trails are suitable for both beginners (there is a ski school) and for extreme athletes (including descents organized on virgin slopes using 15 local snowmobiles or helicopters).
The total area of the five-story hotel complex is 15.670 sq. m. and consists of 106 rooms (7,500 sq. m.), including Standard, Luxury, and premier-class rooms (2-story duplexes).
The hotel complex includes a SPA (swimming pool, cryosauna, hammam), fitness room, children's playroom, restaurant (2 levels, local operator), bar, CASINO (international operator rental), conference room, underground parking, and ski equipment storage (direct check-in when descending the slide).
Area the LAND PLOT of 5342 sq. m
IS ALSO OWNED BY THE ADJACENT LAND PLOT (THE LAST ONE IN THE RESORT).

Property Information

Real Estate:

Real Property Included

Location:

Near boarders. Best nature. More than 10 metres of snow every year. Lot's plays of interest all around the year.

Premises Details:

Ukraine company.

Business Operation

Expansion Potential:

x2 last land on resort

Competition / Market:

Only one casino on resort. Low taxes.

Reasons for selling:

force majeure

Other Information

Support & training:

Help with government of republic for all you need.