New Gudauri

Property Georgia

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...

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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.

BOGNER Sport

High-end luxury brand BOGNER collection is already available in New Gudauri BESPLENDID store.

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GUDAURI CASINO

First Casino was opened in New Gudauri in 2017.

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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.

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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.

Development Company
RED-CO

Red-co was established in 2012 and since then we seek to understand industry dynamics in order to develop unique living and recreation concepts.

Our approach includes managing the entire process of designing, financing, constructing, operating and owning a growing network of apart-hotels, residential blocks, hotels and complementary infrastructure of these projects.

RED-CO PROJECTS COMPLETED BETWEEN 2012 and 2016

  1. NEW GUDAURI RESORT - Ski-in/Ski-out residential, hospitality and entertainment infrastructure
  2. BAKURIANI RESORT - “The Valley Residences and Spa” 4-star APARTHOTEL
  3. “House Near Mziuri”, Residential block in the capital city of Tbilisi, Georgia
  4. “Monte Carlo” Boutique Apart- hotel with 15 comfortable apartments in Batumi (Black Sea coast)
  5. “Old boulevard” Restaurant in Batumi, Georgia (black sea cost)

Current projects expected completion between now and the end of 2018

NEW GUDAURI ongoing Projects

  • New Gudauri Suites – Luxury aparthotel –November 2017
  • Casino Gudauri –November 2017
  • 2 new branded Restaurants -  November 2017
  •  New branded Spa Center –November 2017
  •  Radisson Blu Gudauri – winter season 2018/19
  •  3 new Apartment Hotels with the capacity of 600 rooms – November 2018

BATUMI Projects – completion till the end of 2018

  • Batumi Tower
  • Le Meridien Batumi 5 star Hotel
  • Batumi Tower Luxury Residences with 75 upscale turnkey apartments
  • Batumi Tower Casino