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Construction of Hotel Courtyard Marriott in Batumi to be Finished Late this year

Alliance Group will complete construction of premium class hotel late this year, while Courtyard will begin operating in 2018.

As the company says, apartments sale starts from the 6th floor in 41-storey complex, the price ranges from $ 1100-2400 on 1 sq.m. Construction of 21 floors is finished at this stage. According to the company, modern infrastructure will be located at the first and second floor of ALLIANCE PALACE, including indoor and outdoor swimming pool, fitness center, spa, casino, and restaurant. The complex will also have an underground parking.

Hotel rooms of the Courtyard Marriott will be placed at the first 6 floors, while hotel-type apartments on the other floors. The company notes that the residents of the apartments will be able to return the investment – if desired, the apartment owners will be able to cooperate with a subsidiary company of COURTYARD MARRIOT – rent the apartments to the tourists in the desired period.

ALLIANCE PALACE is calculated at 57% of annual load, which is set by the figures fixed in 2016 in terms of traveler flow in Batumi on high-class hotel rooms / apartments. The company says that it is possible to buy the apartment by internal interest-free loan, as well as a bank credit.