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Saying that the COVID-19 pandemic has introduced a lot of uncertainty into all of our lives over the past year would be putting it mildly. Economies around the world are struggling, small businesses shutting down, or fighting to stay afloat, large corporations are downscaling, the airline and hospitality industries are counting catastrophic losses after barely a year of travel limitations.
Hotel room investments in boutique hotels are the best investments you can make in Batumi real estate – and the well-established Ruebush Group is the only developer specializing in hotel room investments of this kind.
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.