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New Boulevard Batumi
Operated byHoliday Inn
Blue Sky Tower
Ready to move inEstimated occupancy: Opened October 2025
New Boulevard Batumi · Batumi
The first Holiday Inn Resort in Georgia, beside the Batumi stadium
Blue Sky Tower is the first Holiday Inn Resort in Georgia, developed by Like House on the Alley of Heroes in Batumi, about 500 meters from the sea and beside the stadium. The building is constructed, with its official opening in October 2025; following a testing period, owner rental income began from around June. The Holiday Inn hotel rooms and infrastructure occupy several floors, with a full grand opening planned roughly two years out. The hotel operation is overseen by HSC Group.
Two blocks, two different products
This is the most important thing to understand about Blue Sky, and the two blocks should not be read as one blended offer.
Block A is the investment block. Apartments are sold turnkey and placed under a 10-year hotel management agreement, with resale permitted within that period.
Block B is the residential block. Apartments are sold as white frame, so the buyer renovates and furnishes the unit and may rent it independently, with no management agreement. Block B also includes a business center.
The numbers
Pricing starts from about $52,560 for a Block B studio. Block A apartments are priced from around $2,450 per square metre and Block B from around $1,800 per square metre, per Like House's price list. Payment is interest-free over 13 months, with bank financing available through TBC Bank.
Block A enters a rental pool under the 10-year hotel management agreement, split 60% to the owner and 40% to the management company, which covers operations, VAT, maintenance, marketing and cleaning. The materials target around 12% annual ROI and write a guaranteed minimum return into the contract, citing at least 8% a year. Treat the 12% as a projection rather than a promise, and confirm the current guaranteed minimum and full price list before reserving. Block B carries no management agreement, so its owners rent independently.
Features
Residential
Hotel
Office
Commercial
Gallery
Location
New Boulevard Batumi · Batumi, Georgia · Alley of Heroes, beside the stadium, Batumi
Payment structure
Interest-free installments over 13 months, with bank financing available through TBC Bank. Block B is delivered white frame; an optional turnkey finish is available from about $500 per square metre.
Buildings
The buildings in the project
Block A: Investment block
TurnkeyApartments sold turnkey, with Holiday Inn rooms and infrastructure across several floors. Income-generating for early buyers.10-year hotel management agreement; resale permitted within the 10 years
Block B: Residential block
White frameApartments sold as white frame; the buyer renovates and furnishes the unit and may rent it independently. Includes a business center.Self-managed; no management agreement
Investment and yield
Contractual income guarantee
Block A apartments are placed in a rental pool under a 10-year hotel management agreement, with a guaranteed minimum return written into the contract; the developer's materials cite at least 8% a year. The targeted return is around 12%. Treat the 12% as a projection rather than a promise, and confirm the current guaranteed minimum before reserving.
per Blue Sky / Like House 10-year management agreement terms
Developer projection
12%Expected annual yield
per Blue Sky / Like House investment materials (target ~12% annual ROI on the Block A management pool)
Developer projection only; not a commitment and not based on actual income data.
Specification
Finish and construction levels
Block A: turnkey, sold under the 10-year hotel management agreement. Block B: white frame (windows, screed, partitions, fire doors and utilities), with an optional turnkey finish from about $500 per square metre.
Income
Management and income split
60%
To owners
40%
To management company
per Blue Sky Block A hotel management agreement (60% owner / 40% management)
Block A apartments enter a rental pool under a 10-year hotel management agreement: 60% to the owner and 40% to the management company, which covers management, VAT, maintenance, marketing and cleaning. Owners may use their unit and pause rental for up to two months a year. Block B has no management agreement and is rented independently by the owner.
The developer
Like House
Like House is a Batumi developer in business since 2006, a holding of around seven companies with more than 250 staff and roughly fifteen completed objects. Its flagship is Blue Sky Tower, the first Holiday Inn Resort in Georgia, a project valued at around GEL 200M on the Alley of Heroes, about 500 meters from the sea and beside the stadium. The hotel operation is overseen by HSC Group, a hospitality management partner. Headline figures are the company's own.
2006
Year founded
Batumi developer since 2006Holding of ~7 companies, 250+ staff~15 completed objects
