SALE Operating Boutique Hotel Business in Old Tbilisi

A fully furnished and equipped 100 m² hospitality property is offered for sale in the historic heart of Tbilisi, in one of the city’s most desirable tourist locations.

The property is situated just 200 meters from Kote Abkhazi Street (Leselidze) and Gudiashvili Garden.

Property Highlights:

• Fully operational boutique-style hospitality business.
• Sold with complete furniture and appliances.
• Two independent entrances and access to two courtyards from Aboviani and Saiatnova Streets.
• Can operate as two completely independent apartments or one spacious apartment.
• Accommodates up to 6 guests.
• Transfer of existing Airbnb and Booking business accounts, including high ratings and booking history.

Investment and Income Potential:

When operated as two separate apartments:

• Apartment 1 — $60 per night.
• Apartment 2 — $150 per night.
• Combined daily revenue — $210.

Based on an estimated occupancy of 20–23 nights per month:

• Monthly revenue: $4,200–$4,830.
• Annual revenue: $50,400–$57,960.

Investment Indicators:

Asking price: $295,000.

• Gross annual yield: 17.1–19.6%.
• Estimated payback period: 5.1–5.9 years.

Calculations are based on gross revenue before operating expenses, taxes and booking platform commissions.

According to the seller, the property had been fully booked through the end of October, indicating strong demand for this location.

An excellent opportunity to acquire not just real estate, but an established hospitality business with existing infrastructure, booking channels and income-generating potential from day one.

Asking Price: $295,000