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Tag Archives: Red Co

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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