Asset Overview
This transaction offers the 100% equity transfer of the single-purpose vehicle (SPV) owning the hotel, SPA & Casino complex. Located in Batumi, Georgia, this 10,162.80 sq.m. freehold-equivalent property is strategically positioned to capture high-yield regional gaming, leisure, and sea tourism.
Component Breakdown:Hotel Component (5,087.90 sq.m.): 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 a spa, heated indoor pool, comprehensive fitness center, massage rooms, sauna, an all-day dining restaurant with an outdoor terrace, and a spacious reception lobby.
Development & Construction Status:Reinforced concrete structural works are 100% complete.
Exterior thermal facade and architectural envelope are fully finished.
Passenger elevators and vertical stairwells are installed.
Interiors are delivered in a clean black frame condition, allowing an incoming operator or investor to execute a fully customized interior design.
Complete architectural drawings, interior concept renderings, and detailed MEP (mechanical, electrical, plumbing) designs are included in the sale price.
Strategic & Financial Advantages: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 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.
Transaction Details:Property Type: Freehold equivalent (100% SPV Share Acquisition)
Total Gross Area: 10,162.80 sq.m.
Asking Price: Price on Application (POA)Confidentiality: Comprehensive architectural layouts, floor elevation schedules, MEP engineering files, and financial transaction structures are available exclusively upon the execution of a standard Non-Disclosure Agreement (NDA).
