Spanish Quarter by ELT
Price
from $102,495 — $477,659
$2,150 – $3,000 / m²
Mortgage
Mortgage available from Georgia's leading banks
About the project
Spanish Quarter by ELT — a rare hotel investment format in Tbilisi
Spanish Quarter by ELT is a project developed in partnership with the international hotel brand Barcelo Hotel Group, combining hotel and residential functions.
The complex comprises two buildings: Block A houses a Barcelo hotel with 5-star amenities and rental apartments, while Block B contains residential units. The key value of the project is the ability to invest not just in an apartment, but in a hotel-format asset with professional management and income distribution.
Property specifications
Key property parameters
Completion
2027
Completion date
Class
Business
Type
Apart-hotel / RC
Floors
22 floors
Ceilings
2.8 m
Finish
Turnkey
Parking
Underground
Developer
ELT Building
Comfort
Hotel-grade infrastructure
Amenities enhance both the quality of living and rental appeal
SPA
Full spa zone for residents and guests
Indoor & outdoor pool
Pools for year-round use
Fitness centre
Professional equipment in a club format
Restaurant & bar
Hotel-grade dining inside the complex
Terrace
Open spaces for relaxation and views
Cinema
Private screening room for residents
Conference rooms
Business spaces within the complex
Reliability
A format with a clear operating model
The project is being developed as a branded hotel residence with Barcelo Hotel Group. For investors this means a clearer model for occupancy, management and monetisation compared to standard short-term rental.
Project format
2 blocks
- Block A: Barcelo hotel and rental apartments
- Block B: residential units
- 22 floors
Amenities
All inside
- SPA
- Indoor & outdoor pool
- Fitness
- Restaurant & bar
- Cinema
- Conference rooms
Scale
306 + 243 units
- 306 units in Block A
- 243 units in Block B
- Instalment plan until December 2027
Gallery
Hotel residence in Tbilisi
Areas
Sizes & formats
Compact investment formats and larger residences available
- Studio: 38.61 to 47.63 m²
- 1-bedroom: 53.26 to 85.86 m²
- 2-bedroom: 91.52 to 164.71 m²
Floor plans
Choose your format
Studios
38.61 m²
Location
Isani — a developing district of Tbilisi
The complex is located on Holbrook Street in the Isani district, 10 minutes from the metro. The area is actively developing with good transport links and many new projects.
Investment Calculator
Calculate Spanish Quarter by ELT Returns
Enter property parameters and calculate your return in 1 minute
Calculation Results
Net rental income / year
$8,820
7.01% annual
Payback period
14.3 years
ROI rent and capitalisation
$17,633 minimum
14.01% annual
ROI rent and capitalisation
$27,704 maximum
22.01% annual
The calculator shows a basic rental scenario. Returns for other strategies are calculated individually.
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Get a selection for Spanish Quarter by ELT
We'll match a format to your budget and explain the income model for this project
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