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Aparthotel in Gudauri – An Offer from Bank of Georgia and Red-Co

The Bank of Georgia, in cooperation with the development firm Red-Co, is offering its customers the opportunity to purchase an apartment in Gudauri with a 9% discount. The offer is in effect until 15 November. According to Red-Co, customers are getting the opportunity both to own a property at the resort and to …

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Aparthotel in Gudauri – Offer by Bank of Georgia and Red-Co

Aparthotel in Gudauri – Offer by Bank of Georgia and Red-Co

Bank of Georgia and Red-Сo development company offer 9% discount scheme to clients for buying an apartment in Gudauri ski resort. The offer will run through November 15. Besides the opportunity to own a real estate in this resort, this is also a good chance for the company clients to …

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Red-Co Continues Construction of Resort Complex in New Gudauri

In 2023 Georgia will host the international ski championship, with Gudauri as one of its main locations. In order to conduct this championship on the highest level, with a high class infrastructure, developer company Red-Co spares no effort and keeps creating a new modern ski town called New Gudauri, located …

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Seven New Hospitality Projects in New Gudauri

Many people already know that a new, modern skiing village is being built in Gudauri, 120 km away from Tbilisi, at an altitude of 2196 m above sea level. Development firm Red-Co became interested in developing Gudauri back in 2012. Having purchased a 50 ha plot of land in the resort, the …

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RED-CO Apartments in New Gudauri vs Renting out Property in Tbilisi

RED-CO Apartments in New Gudauri vs Renting out Property in Tbilisi

Why invest in RED-CO apartments? Owners of properties developed by RED-CO have the answer. People are constantly looking for profitable ways to invest their money. Investing in a RED-CO aparthotel allows owners to obtain an annual passive profit of up to 20%, whereas profits from deposits at commercial banks do not exceed 5-7%. Another traditional method of …

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Mountain Resorts Generate $50 million in the Georgian Economy

Mountain Resorts Generate $50 million in the Georgian Economy

The government wants to sharply increase revenues from private sector,  as well as maintain resorts. Minister of Economy has announced it while commenting about the memorandum, signed between “Maintain Resort Development Company” and company “Red-Co”. According to Kumsishvili, there is a potential to increase revenues 6 times from the resorts. …

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Red-Co’s Apart Hotel Opened in Gudauri

Red Co Apart Hotel

New hotel complex constructed by company Red-Co is opened in Gudauri this weekend, the opening ceremony was attended by the minister of economy Dimitry Kumsishvili. The apart hotel includes 70 rooms and can host a total of  over 200 guests. The investment volume made by company Red-CO in the finished hotels in …

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