How cool would it be to own a hotel? More so than a rental house or commercial storefront, it’s a glitzy asset that just screams prestige … especially if the hotel in question is an upscale five-star crown jewel in the hands of a Blue-Chip brand-name management company.
There are many reasons to choose hotel room investing over other types of real estate investing. You’ll diversify your portfolio and get free accommodations while on vacation, all without doing any of the heavy lifting. For these reasons and more, we highly suggest that you consider hotel room investing. Here are a few of the little-known benefits of investing in hotel rooms!
If you’re reading this, I’m taking an educated guess that you looking to make an investment that is going to deliver in yearly returns. I know this, because you’re not alone. According to a survey conducted by the Adjara Ministry of Finance and Economy in 2019, 66% of all investors buy real estate in Batumi for its future cash flow potential, rather than for personal accommodation.
Ruebush Hospitality Group started its business during the peak of the real estate boom in Batumi. We advised our clients in selecting optimal properties to invest in, we carried out all construction works, and provided a full rental management service. Well into our first year of operations we started to observe several factors that encouraged us to change strategy for future development and shift our focus from apartments to developing boutique hotels.
Batumi is the second largest city in Georgia, the main tourist center of the country and as they say, “the Pearl of the Black Sea”.
Adjara is well-known as one of the most beautiful regions in Georgia, Adjara is situated in southwest Georgia on the Black Sea coastline. It is spread over 3,794 sq.km. along the Black Sea with a population of about 349,000 people. Adjarian (origins of Adjara) are an ethnographic group of Georgians living mainly in south-western Georgia. They speak Georgian but some of them still use the local dialect, but if you speak Georgian, you understand it easily. The written language is also Georgian. The main percentage of Adjarians are Georgians, but still there are a lot of minorities living in the region: Russians, Armenians, Pontic Greeks, etc.