Gudauri Ski Resort - Attractive Destination for Investors.
1. ABOUT RED-CO
REAL ESTATE DEVELOPMENT, CONSTRUCTION AND PROPERTY MANAGEMENT COMPANY THAT OFFERS SOLID CASH-PRODUCING PROPERTY TO INVESTORS IN NEW GUDAURI
Gudauri is developing into one of the most advanced and popular ski resorts in Georgia. The resort boasts an excellent location, roughly 2,175 meters up the southern slopes of Georgia’s Lesser Caucasus mountain range, and just 150 km from Tbilisi International Airport.
REAL ESTATE INVESTMENTS are in high demand here because Gudauri is growing sustainably – both as a winter and summer destination.
RED-CO offers various investment options, flexible terms of payment and opportunities for mortgage loans
2. OPPORTUNITIES FOR INVESTORS IN NEW GUDAURI
- Invest in commercial apartments – Buy-To-Let
Price – starting from USD 800/1m2
Up to 18% return on investment
Payback Period - 7-5 years
Capitalization rate 12-20%
- Invest in hotels, chalets and various residential and hospitality projects in preconstruction phase
- Invest in lands that are already projected and fully zoned for construction
There is no property tax for foreign buyers in Georgia, and foreigners may apply for temporary residence permit by investing more than USD 35000 in real estate.
3. EXISTING DEVELOPMENT
- 2012-2017 - Red-Co has completed construction of 5 aparthotels and established number of hospitality services in New Gudauri.
ACCOMODATION AND HOSPITALITY SERVICES
The modern infrastructure located in just 100 meters from gondola ski lift includes separate apart-hotel buildings, with general management services like concierge, 24-hour security and facility maintenance works. Ski in/Ski out infrastructure includes underground parking, ski depots, ski rental shops and various hospitality and entertainment amenities for tourists – wellness and spa, restaurants, cafes and pubs, ski schools, ski and snowboard equipment rentals etc...
RADISSON BLU GUDAURI MOUNTAIN RESORT
Red-Co is bringing the iconic Radisson Blu brand to New Gudauri to develop the four season mountain resort and make it more attractive for tourists. The company has started construction and will open a five-star Radisson Blu hotel in the country’s premier ski resort in 2019-2020. The hotel complex will include 160 high-class rooms, several restaurants, a spa as well as indoor and outdoor swimming pools.
High-end luxury brand BOGNER collection is already available in New Gudauri BESPLENDID store.
First Casino was opened in New Gudauri in 2017.
4. CURRENT DEVELOPMENT PROJECTS - 2018-2019
Next 5 new buildings will emerge in NEW GUDAURI in 2018-2019, including RADISSON BLU Mountain Resort Hotel.
Construction of 7 additional aparthotels will start in spring 2018.
5. FUTURE DEVELOPMENT PROJECTS
In total, during next 5 years RED-CO will complete construction of additional 8-10 aparthotels and chalets.
New Gudauri Resort is a multi-functional ski-in/ski-out residential and hotel complex which is being developed by RED-CO according to the GENERAL DEVELOPMENT PLAN prepared by the Canadian company “Ecosign Mountain Resort Planners Ltd”.
According to the plan, each year massive construction works are performed by RED-CO in New Gudauri, where the company has pledged to invest USD 150 million.
The general development plan envisages construction of 26 multifunctional residential and hotel buildings and 20 chalets on the 50 ha territory owned by the company. The plan also includes the construction of various types business, entertainment and sport facilities, such as conference halls, music clubs, sport stadium, skating rink etc.
6. PROPERTY MANAGEMENT
RED-CO property Management group was created to operate and manage existing and emerging properties in New Gudauri.
Apart from general management services of public areas of the resorts and facilities, the company operates the chain of aparthotels under the brand NEW GUDAURI RESORT RESIDENCES & SPA, which gives the owners of hotel apartment's benefit from rental income.