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Alliance Privilege in Batumi

Name: Alliance Privilege
Brand: Alliance Group
SKU: 5
Availability: InStock

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Project info

Object ID: 5

Finished at	June 2022
Price, m²	From 3200$
Housing class	No
Buy online	Details
Installment plan	0%, initial payment 30%
Bank mortgage
Property type	Apart-hotel
Square	from 35.20 m²
Floors	54
Distance to sea	50 m.
Building phase	Carcase finished
Condition	Black walls
Construction type	Monolyth
Security	Intercom CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket
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Resale properties in this project	Found 4 object(s)

Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

112,000$

Net profit

5,883$

Payback period

13.9 years

Avg property value increase per year

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About the project

The complex with ultra-modern architecture, including the five-star Marriott hotel brand and exclusive apartments, will be located opposite the sea in the unique Batumi Boulevard, on the first line of the city.

In the complex: five-star hotel "Marriott "and apartments "Alliance Privilege" (13-54 floors). Close to the main attractions, the Dolphinarium, a park and lake Nurigeli. The Primorskiy Boulevard and the beach are just a few meters away.

The construction of the complex will be completed in 2020, and the five-star Marriott hotel with 160 rooms will start functioning in 2021. Mclnerney Hospitality International, an American international management company, will manage and lease apartments in the new Alliance privilege project.

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Developer

LTD "Alliance +” was founded in 2005 and the first project it carried out was revolutionary for Georgia at that time: building first modern …
Details about Alliance Group