Which country is the most profitable for investors to buy luxury real estate in?
Luxury real estate can be called not only country houses and villas in the best areas of the city. This concept may also include brands of global hotel chains, which are located in an environmentally friendly location, next to them there is a convenient transport interchange. Such hotels are also distinguished by their bright architecture and developed infrastructure.
The international hotel company Wyndham Hotels & Resorts has already opened more than 9 thousand hotels, popular with hundreds of millions of tourists around the world. It is known for high-class service, convenient location of facilities in the most popular cities of the world with stunning views and the availability of infrastructure for any type of recreation.
Wyndham Hotels & Resorts earned $1.3 billion in 2022. The company has about 100 million regular customers. All this makes the purchase of a hotel room of this chain a profitable investment for an investor, allowing not only to receive a high passive income, but also a 5-star vacation. This is when a logical question arises: “Where is the best place to buy this kind of property?”.
Consider the cost of a Wyndham hotel room in several countries around the world. It is important to note that the Wyndham network includes 24 brands of different price categories. So, in Russia, in Sochi, there are well-known hotels Encore and Ramada from Wyndham economy class. In the first, the price for 1 m2 starts from 10 thousand dollars. In the second, for the same number, the buyer will have to pay from 6 thousand dollars.
Let’s go further. The hotel in a stylish modern high-rise building overlooking the Persian Gulf in Dubai is Wyndham Dubai Marina. The minimum price for 1 m2 in it is also 6 thousand dollars.
Let’s look at prices in Europe. 1 m2 in the Portuguese Wyndham Grand Algarve in a three-bedroom penthouse costs from $7,800. In Malaga, Spain, a Wyndham Grand Residences Costa Del Sol hotel room with one bedroom 1 m2 costs from $8,600.
Why overpay huge amounts when in Georgia, in the most touristic place of the country, 15 minutes from Batumi, the hotel complex Wyndham Grand Residences Batumi Gonio is being built. The reputation of the world’s premium hotel brand, the most convenient location by the sea (proximity to the Georgian-Turkish border and Batumi) and 90 modern infrastructure facilities make this object №1 for investment in Georgia.
Moreover, the cost of 1 m2 in a one-bedroom hotel room starts at $2,700. Investors can also buy a hotel residence or a townhouse by the sea, not only for renting out and generating passive income, but also for family life with All Inclusive services. At the construction stage, you can purchase luxury real estate in a country with one of the most developing economies in the CIS on the most favorable terms.
So, buying a hotel room from a well-known world brand in Russia can be almost 2 times more expensive than in neighboring Georgia. Note that you can buy a hotel residence in Wyndham Grand Residences Batumi Gonio directly in Russia with payment in rubles.