ANo. This is a self-running investment with industry professionals taking care of your apart hotel room. Sit back and let the hotel manager earn you the projected return.
Do I need to manage the apart hotel room?
AOwners have a luxurious vacation home in a premier location at their disposal. Owners who choose to place their condo hotel units in the property’s rental program receive revenue which helps defray the expenses of ownership.
What are the benefits to the Gudauri Hills apartment buyer/owner?
Gudauri Hills have wonderful features and services that enhance their appeal to potential buyers and guests. The amenities include an outstanding restaurant & bar, inviting lobby, convenient parking and a ski depot. Services include concierge and housekeeping.
Owners of condo hotel units may resell their unit when they wish. They keep any profits derived from appreciation. Thus condo hotels combine vacation home ownership with investment potential.
AOur partner banks can assist you with apartments purchase by installment. Our company will contact you with a choice of mortgage loan managers, who will be happy to consult you.
Can I buy in stages?
ATransactions can be easily done from the account of any foreign bank in any currency.
How do I make international payments?
AThe term of the lease agreement is 10 years. During this period, the owner may sell the apartment at any price. The only condition is that you have to sell the lease according to the same terms as when you entered the lease agreement. This procedure is not performed by us. When a new buyer appears, the company engages in procedures such as lease and service contracts.
Can I sell my apart hotel room?
AWe use the latest software, which allows the owners to log in through a personal account and see if the apartment is rented on specific dates, at what price it is rented and for what period.
Does the owner control the occupancy of the apartment, or how can the owner control his or her apartment?
AAll issues related to the rental and management of the apartment are provided by our management team. Percentage of the amount received from the rent (the amount is written in the contract) remains with the company as commission. This amount includes meeting and farewelling guests, apartment services, management of all stages of booking the apartment and booking websites (Booking, Airbnb etc.) commissions. However, if damage occurs in the apartment, it is reimbursed by the management team, which excludes the inconvenience and unforeseen expenses of the apartment owner. This gives peace of mind to homeowners who are in another city or country, or for those for whom the managing time and resources are of top importance.
What is the benefit of Gudauri Hills Residence management team in this service and what does it include?