48-key spa hotel in Georgia's historic mineral-water resort town.
Overview
Full-service spa and wellness resort in Borjomi, drawing on the town's 200-year mineral-water heritage. Year-round operation, 65% domestic / 35% international guest mix.
Investment thesis
Established Borjomi brand. ADR up 14% YoY. Operator with 12-year track record.
Financials
Project your return
Project your return
See what $1,000 could become over 6 years at the projected 9.8% IRR.
Annual income (Y1)
$98
Total return
$752
Estimated value at exit
$1,752
Money multiple
1.75×
Modeled range: $1,227 – $2,278 at exit. Pessimistic/optimistic 30% band - actual results vary by market conditions, exit timing, and operator execution.
Projections only. Private-market investments are illiquid and may lose value.
Independent valuation
Independent property valuation
What is comparable real estate worth?
Comparable-sales estimate using Q2 2026 benchmarks for Georgian residential & commercial property. Adjust the inputs to model your own assumptions.
Estimated value
$71.3K
Price / m²
$951
Comparables
19
Confidence
High
Borjomi · price / m² · 2020–26
CAGR +7.2% / yr · YoY +1.4%
$680/m²
YoY price change
+1.4%
5-yr CAGR
+7.2% / yr
Transactions / year
~380
Gross rental yield
8.6%
Market read · Historic spa town. Wellness-tourism positioning. Steady year-round operation distinguishes it from purely seasonal mountain markets.
How we got there - adjustment factors
City × district
1.30×
Condition
1.05×
Floor
1.00×
Age
0.98×
Parking
1.04×
Risks
Private-market investments are illiquid and may lose value. Returns are projected, not guaranteed. Read the full risk disclosure in the prospectus before committing capital. Tokens are subject to regulatory transfer restrictions and a minimum holding period.
Documents
- ProspectusPDF · Available after KYC
- Subscription AgreementPDF · Available after KYC
- Legal OpinionPDF · Available after KYC
- Valuation ReportPDF · Available after KYC