Profit and financing

Hotel Promenade

Investment in Hotel Promenade delivers a combination of immediate regular returns, a long-term redemption guarantee and significant growth in value. You can choose from five attractive investment programs to suit your preferences and financing options.

Tax advantage for investors

Thanks to the status of a tourist enterprise, the sale of apartments is VAT-free, but with the condition that the apartment will be included in the hotel lease for 10 years. During this period, the owner does not have to worry about the rental or the operation, everything is taken care of by the hotel operator.

There are no service charges for 10 years.

YIELD ALREADY DURING CONSTRUCTION

Immediate yield during construction: 2% p.a. on 50% payment of the price, 3% on 100% payment of the price, paid quarterly
Decision onupon final inspection: 70% of the net profit from professional hotel operations for 10 years, paid once a year.
Buyback: purchase price + 30% after 10 years
Benefits: a 14-day owner’s stay each year, free admission to the water park,perks at GINO hotels worldwide, no management or utility fees, a 10-year lease with the option to renew, or the option to sell the apartment at any time.

Phased investment

Payment:
- 30 % - after signing the Future Purchase Agreement
- 30% – upon completion of the structural work
- 35% – upon completion of interior work
- 5% – upon transfer of ownership
Yield during construction: no yield
Return after final inspection: 70% of the net profit from professional hotel operations over a 10-year period, paid out once a year.
Buyback: purchase price + 30% after 10 years
Bonuses: 14-day owner's stay every year, free admission to the water park,benefits at GINO hotel chains worldwide, no management or utility fees, a 10-year lease with the option to extend or sell the apartment at any time.

The amount and quantity of instalments may be subject to agreement.

Investments that grow

Slovakia

Hotel Akvamarín Bešeňová

Purchase of the apartment for 108 000 €, after completion value 210 000 €, today up to 270 000 €.
Profit 95% in 3 years + guaranteed return = total approx. 39% per year.

Tbilisi

Hotel GINO Seaside by Wyndham

Apartment bought for 58 000 €, today value 118 000 €.
Profit 100% + guaranteed return of 6% = up to 40% per year in total.

Tbilisi

Hotel Promenade

The project is currently under construction.
It offers up to 3%in net profit even during construction, and70% over 10 years following final inspection . The expected increase in value is 12–15% during the first years of construction.

Mortgage

Bank of Georgia (the largest private bank in Georgia)

Investors do not have to pay the entire purchase price out of their own funds. Project Hotel Promenade offers some financing options.

Bank financing

Through Bank of Georgia, Georgia's largest bank.

Interest rate: from 6.8% p.a. (EUR)
Payment period: up to 120 months (10 years)
Financing amount: up to 50% of the purchase price

Process and documents:

employer's contact details
proof of income (pay slips for the last 3 months)
confirmation that the client has paid the remaining 50% of the purchase price

The above documents must be sent directly to the bank, which assesses and solves the whole process individually according to the client's profile.

Our team will provide complete assistance - from document preparation to communication with the bank - to make the process as simple and quick as possible for the investor.

*Hotel Promenade is co-financed by the Slovak State Bank EXIMBANKA.

invest in your apartment

70%

net profit for you

12–15%

value growth
during the first years of construction

contact us

We are here for you

For more information, please leave us your contact details and our manager will get back to you with a detailed consultation or you can contact us in other preferred ways.