Sky Castle ultra-luxury castle hotel, Gonio

Overview

Sky Castle is the most theatrical product of the Wyndham Grand Batumi Gonio resort: a hotel built as a medieval castle, with a "Luxury of Silence" concept, a high level of privacy and service. The buyer acquires a single room in a five-star hotel; day-to-day operation stays with the operator. - Two towers of 14 and 16 floors - Room types: Royal Chambers and Sanctuary Suites, roughly 36 to 75 m² - Designer finish, rooms handed over turnkey - Shared resort facilities: Grand Hall, Scriptorium / Secret Library, Observatory Tower, Castle Baths, spa, outdoor and indoor pools, cinema, medical centre, helipad - Gonio is a resort zone south of Batumi, close to the international airport - Down payment from 30%, interest-free instalments of up to 60 months The project is part of a complex of five five-star hotels under the Wyndham brand with more than 100 shared facilities (per the developer). The completion date is not stated in the materials and is being confirmed. Yield figures are the developer's forecast (up to 15%), not a guarantee. From €12,273 per m², turnkey; the entry budget depends on the room. Up to 15% a year on the project's income model — the developer's forecast, depends on hotel occupancy

Highlights

Mortgage

No

Location

Gonio, Adjara, Georgia

Legal and purchase notes

Prices, availability, yields and payment plans are subject to change. Any rental income or capital growth figures are illustrative and do not constitute a guarantee. Clients should obtain independent legal, tax and financial advice before making a purchase decision.