Overview
- Updated On:
- 08/09/2026
- 22 Bedrooms
- 24 Bathrooms
- 675 m2
Description
Prime Mtatsminda location. Fully equipped. Offered with vacant possession.
This 22-key boutique hotel occupies one of the strongest hospitality
addresses in Tbilisi: 1 Besiki Street, in Mtatsminda, a five-minute walk
from Rustaveli Avenue and ten from Liberty Square. Theatres, galleries,
restaurants and the metro are all on foot — in a city whose centre is
compact and genuinely walkable, this catchment is as good as it gets.
675 m² across 22 keys and 24 bathrooms, fully furnished and equipped
throughout, with premium finishes, an equipped commercial kitchen,
air conditioning, central heating and high-speed internet.
WHY VACANT POSSESSION WORKS IN YOUR FAVOUR
The property is offered with vacant possession. For an experienced
operator, that is an advantage rather than a compromise:
- No inherited staff and no employment liabilities to assume
- No supplier, OTA or agency contracts to unwind — everything is
renegotiated on your terms - No damaged review history to repair
- No forward bookings to honour at someone else’s rates
- Furniture, fixtures and equipment already in place — no capital
expenditure on fit-out, and zero renovation downtime required
You take the keys, and open under your own brand, with your own
concept, your own rates and your own opening date.
THE NUMBERS
Price: $2,000,000 — $90,900 per key, $2,963 per m²
For context, acquiring and fitting out equivalent space in Mtatsminda
would exceed that figure before any licensing. This is a fitted asset
in a location that cannot be replicated.
The property is also available for lease at an asking rent of $12,000
per month, equivalent to a 7.2% gross yield at the asking price. A
purchaser therefore has two routes: operate it directly, or acquire it
with an operating tenant already in place.
THE MARKET
Tbilisi hotel occupancy reached 43% in Q1 2026 against 39% a year
earlier, with average daily rate at $89 against $83 — and Q1 is the
low season.
Site visits by appointment, seven days a week.
Caucasus Elite Estate — +995 577 94 00 68 — contact@cel.estate
