Buying Batumi Vacation Property Marriott Courtyard/Alliance Palace? What You Need to Know

The History of Alliance Group, Developer of Marriott In Batumi

The owner of Alliance, Giorgi Bitsadze started Alliance Group in 2005 and after a rebranding in 2015 it began to build Batumi vacation property Marriott Courtyard/Alliance Palace almost immediately.

Alliance group is credited with bringing the new aparthotel concept to Batumi and has since built over 20 projects in cooperation with many renowned world hospitality brands. Some of the brands include Marriott Courtyard, Marriott Privilege, Wyndham Garden and Ramada.

With its unique sail design the Courtyard is a modern design icon against the Batumi skyline.

Alliance has continued to partner with Marriott and is building Marriott Privilege on the front line of Batumi Georgia near the Hilton hotel on the Black Sea beach.

Where is The Republic of Georgia?

Georgia is a country in the Caucasus region of Eurasia. It shares borders with Russia, Armenia, Azerbaijan, and Turkey. The capital of Georgia is Tbilisi.

Georgia has a population of 4.7 million people and the official language of Georgia is Georgian. Also Georgia has received recognition for the birth place of wine using its unique qvevri method.

The History And Where is Batumi? Is It the Best Place to Live & Play!

Batumi is a seaside city in the Republic of Georgia, with a population of around 240,000. Batumi is located on the coast of the Black Sea and has a subtropical climate.

The city was founded in 1878 by Anton Manucharovich Dadiani as a terminus for a railway running along the coast from Baku to Poti. The town was initially called “Batum”, but its name was officially changed to Batumi in 1936.

Batumi is famous for its long coastline and beaches, which are popular destinations for domestic and international tourism. The city offers many opportunities for recreation including swimming, fishing, surfing, boating and sunbathing.

There are also many sports facilities like tennis courts and football fields available to citizens and tourists alike and a new UEFA qualified stadium.

The city has normal temperature due to its location by the sea, averaging around 25 °C (59 °F) in the summer and 7 °C (45 °F) in the winter.

The history of Batumi is diverse. It began as a small fortress on an island surrounded by marshes and streams that were filled with crocodiles. In the 4th century BC, Batumi was conquered by Alexander the Great, who built a port city of more than 150,000 people.

The Georgian Kingdom was founded in 645 AD and soon after it began to expand its territory eastwards across the Caucasus Mountains into eastern Anatolia. This expansion came to an end with the Muscovite-Georgian War and the Treaty of Georgievsk.

This loss of territory led to centuries of stagnation. In 1801, the Russian Empire annexed eastern Georgia and in 1918, Batumi became a part of independent Georgia again.

Today, Batumi is a city with significant oil and natural gas resources that has attracted many immigrants from around the Caucasus region seeking employment in this sector. While it has been a commercial hub since the Soviet era, Batumi’s economy is largely driven by tourism and the seaport trade.

What are the Various Types of Properties Available in Batumi?

Batumi is a seaside resort city on the coast of the Black Sea in Georgia. Batumi has managed to attract many tourists and property investors because of its beautiful beaches, historical sites, and world-famous nightlife.

The different types of properties available in Batumi include:

• Residential properties
• Commercial properties
• Vacant land
• Business opportunities
• Retail opportunities

How Much Does a Property Cost in Batumi?

This section will give you an overview on the costs involved when buying a property in Batumi.

The cost of living in Batumi is lower than neighboring countries. This is mainly due to its proximity to the Black Sea, which provides a natural source of food and water for the city. The prices for properties are lower than other cities in Georgia, which makes it a popular destination for those looking to buy their first home.

Currently small studios range from $1000m2 to $3000m2 USD with a sea view in a apartment project less than 5 years old. There are not very building codes here so expect a larger variation in quality and prices.

Villas and homes with sea views are priced higher and start at $1500 USD m2 with DIY or black frame projects starting at lower prices.

For up to date pricing and availability its best to contact a local real estate agent or a property management company as they know the best quality properties that are receiving the highest occupancies.

Should You Buy A Vacation Property At Marriott Courtyard?

Alliance Palace, a local name for the Marriott Courtyard has a unique design and a great location on the front row. If you are going to use the property a couple times a year for your own use, then Alliance/Marriott projects are in good locations with majestic sea views and great access to the sea.

Maintaining your room’s 5 star reviews is very important for occupancy rates. Reviews of these companies usually weigh heavily when people are booking their rooms. Always compare the reviews of the management company you’re planning to use.

There are other nice buildings in Batumi to buy apartments and I will describe the steps to locating them below.

Guide on Purchasing Your Next Vacation Property In Batumi

There are a plenty of factors to consider when you are thinking about buying a vacation home. This guide will help you look for the best procedure.

• 1 – Research your location options
• 2 – Locate the perfect property
• 3 – Get pre-approved for a mortgage
• 4 – Negotiate the price with the seller
• 5 – Find good property management

Step 1: Research Your Location Options

Spend some time in Batumi to decide where you want to live. Some people like to stay by the sea, others prefer the old city or living near the mountains.

Foreigners are not allowed to own agricultural land in Batumi and most of the country’s land is agricultural. In order to have the status changed, one would need to follow a long process that is outside the scope of this article.

If you’re looking for a calm and relaxing stay, try not to rent or buy any properties near the sea or in Old Batumi. This is when there’s lots of activity and noise during the summer season.

Step 2: Locate The Perfect Property

If you’re looking to buy a place to invest in, the first step is finding an area that’s perfect for you. The best areas for investments are those that are close to good tourist attractions, and have lots of other amenities nearby. These are the kind of places you should consider

Then find a property that fulfills your vacation needs. You don’t care how much ROI your vacation property earns if you don’t enjoy it while you are there.

Step 3: Pre-Determine Your Spending Budget

The typical down payment required for a vacation home has been 20% of the purchase price. However, you can now get a down payment as low as 10%.

If you are using financing to buy, go to your bank first and see what amount you can get pre-approved for.

Developers will sometimes offer a loan that requires little or no money down but you’ll have to pay it back before the building is finished.

If the loan is not complete before the construction is complete most developers have a cooperation with local banks to transfer the loan there but the interest rates are usually very high.

Step 4: Consider Your Negotiating Strategy

Negotiation is tolerated in Georgia, but foreigners may still face a lot of resistance when trying to negotiate prices on property.

Using a local agent or having a Georgian friend do your negotiations for you usually works better.

Step 5: Locate Good Property Management

Ensure you hire a qualified management team to help you with booking new guests. Great reviews lead to more bookings and high occupancies which can snowball into more great reviews and even higher occupancy rates.

Locating the right property management will determine if your vacation investment makes a profit or not.

Conclusion

Should you buy a vacation property in Marriott Courtyard? Every project has its advantages and disadvantages but as long as you are aware of these before you invest you can always make the right decision for you.

If you own a vacation in property in Marriott Courtyard/Alliance Palace already, or are thinking about buying one, Proprietas offers an option for professional property management for Alliance and Marriott buildings and towers. Contact us today to learn more.