The Highline ApartHotel is the perfect project for any investor looking for an affordable, high-yielding investment. Featuring a beautiful and totally unique design, the Highline project is located in Tbilisi’s most upmarket and desirable region – Vake – which is home to the majority of the city’s embassies. With construction now well-underway ahead of an anticipated completion date of December 2019, the Highline project consists of three, stunning high-rise towers.
Tower C – the shortest – will be run as a fully-functioning four-star hotel, managed by the Wyndham Hotel Group – the world’s largest hotel chain, operating 8,100 hotels in 79 countries, under their Wyndham Garden brand. Tower B, which has 34-floors, was sold out in early 2018, leaving Tower A, the tallest of the three towers at 40-floors as the only tower now remaining on sale.
Due to the popularity of Tower B, which is being managed as a four-star ApartHotel, the same Swiss management company will also take care of rental management services in Tower A for all those buyers looking for a high-yielding investment.
Located in one of the very best parts of Vake – surrounded by green parks and sports training facilities – all three towers will share the four-star communal facilities. These facilities include 24/7 security and reception area, a full concierge service, underground parking, several restaurants and bars, plus an indoor swimming pool, spa centre and fully-equipped fitness centre.
In order to offer the best returns to investors here, all of the apartments in the ApartHotel are either studios or one-bedroom suites. The number of studio apartments here is very limited, with sizes in the 30-45m2 range. There is a much larger range of one-bedroom suites available in a variety of sizes and layouts, varying from 50-80m2.
All apartments at the Highline ApartHotel are supplied on a White Frame basis, with prices depending upon the floor that the apartment is located on. These prices range from $1380 per m2 on the 3rd floor, going up to $1920 per m2 for units on the 25th floor. Buyers need only pay 15% of the purchase price upon contract, with the remainder payable during the course of the build.
For those wishing to enroll in the management scheme, buyers need to add an additional $600 per m2 to the White Frame price for finishing and furnishing up to the hotel chain’s high standards. In return, the management company will share all of the revenue from the apartments on a 60/40 basis with owners of the apartment. All of the costs from the running of the hotel – cleaning, taxes, etc. – will be the responsibility of the hotel group, which means that the owners’ 60% share is net. The strength of the Swiss management company’s expertise will ensure high occupancy and room rates for all of the apartments in the building.
In summary, for any investor looking for an affordable, yet high-yielding investment, backed by the experience of a world leader in hospitality, the Highline ApartHotel is an ideal choice.
Floor Plans & Pricing
- 24/7 Reception
- 24/7 Security
- Concierge Service
- Fitness Centre
- Spa Centre
- Swimming Pool