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Tag Archives: Red Co

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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