Yellow-zoned land (R-3) with a building coverage ratio of 65%.

The physical PBG certificate is expected in March–April 2025. In December 2024, an email was received confirming positive consideration of the application.

– Hotel Business License (IUP) – issued by the Department of Tourism and Culture.
– Operational License – issued by the Department of Tourism and Culture.
– Business Premises License (SITU) – issued by the Regional Government.

25 years, until 2049, with a priority extension of 25 years.

The management company is Ribas Hotel Group.

Advantages:
– 55 properties under management
– 1,000 rooms in total
– Qualified staff
– Modern technologies for process optimization
– Effective marketing strategies
– Unique mobile app for investor reporting
– Financial transparency
– Extensive partner network for guest acquisition

5% of turnover + 20% of net profit. Profit is distributed among unit owners proportionally to the size of their apartments, with a coefficient depending on the floor and unit features.

Expected ROI is 15–16% (as of March 2025 prices).
Minimum 7% ROI is guaranteed by Ribas Hotel Group for the first 3 years under the management agreement.

40% down payment, followed by a monthly or quarterly 0% installment plan.

7% discount for 100% upfront payment.

The project is developed in accordance with the PBG and includes 6 floors. Due to the terrain elevation difference, the architectural zero (used to calculate the maximum permitted height of 15 meters) is set at the highest point of the land, which complies with urban planning regulations and allows legal construction of underground parking and infrastructure on the ground floor below the architectural zero.

Project completion is scheduled for December 2026. The detailed timeline is available in the "Project Documents" section.

– Lobby
– 25m semi-Olympic pool
– 80-seat restaurant
– Bar
– Gym with sauna and cold plunge
– Yoga and meditation area
– Kids’ room
– Underground parking

From $55,000 for a 24 m² smart apartment, with average prices of $2,400–2,600/m².

Unit prices are expected to increase by 30–35% by the end of construction.

The project is primarily designed for investment and short-term tourist rentals. Full-time residence can be discussed individually.