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Gonio Batumi
Montemar
Under constructionEstimated occupancy: 2030
Gonio Batumi · Batumi
Gonio seafront living, where Batumi is heading
Montemar is Gumbati Group's seafront project in Gonio, on Batumi's quieter south coast, with sea and mountain views. It is a $72M development of 16 floors across three blocks, with completion planned for 2030. The developer's own positioning line captures it: Strada is Batumi today, Montemar is where Batumi is heading.
Three blocks, three products
Block A is hotel-style, Block B offers apart-hotel units with kitchenettes, and Block C carries investment apartments sold in green or premium frame. Resort infrastructure spans a spa, indoor and outdoor pools, a casino, conference halls, and premium units with private balcony pools.
The numbers, honestly
A Cushman & Wakefield five-year feasibility study commissioned for the project projects returns ranging from 13.76% for Block C to 18.81% for Block A. That is a third-party projection, not a guarantee, and it depends on occupancy and operations. Pricing starts from about $100,000 per the developer's materials; the starting-price unit definition and the current list should be confirmed before reserving.
Context
Gonio is a still-developing strip: clean beaches, lower density, and a lower entry price than central Batumi, with stronger seasonality and more distance from the city core. The investment case leans on professional hotel management rather than self-managed letting, and on Gonio's trajectory, including the announced large-scale international developments nearby.
Features
Residential
Hotel
Casino
Spa
Gallery
Location
Gonio Batumi · Batumi, Georgia · Gonio seafront, Batumi
Payment structure
About 30% down with interest-free installments running to completion; the developer's site cites plans running to December 2030. The exact schedule varies by block, so confirm the official plan for your unit before reserving.
Buildings
The buildings in the project
Block A: Hotel
Turnkey hotel standardHotel-style units under full hospitality operation.Professional hotel management
Block B: Apart-hotel
Turnkey with kitchenetteUnits with kitchenettes, suited to longer stays.Professional hotel management
Block C: Investment apartments
Green / premium frameApartments sold in green or premium frame; the buyer finishes to taste.Owner-managed or managed by arrangement
Investment and yield
Developer projection
13.76-18.81%Expected annual yield
per Cushman & Wakefield 5-year feasibility projection, commissioned for the project
Developer projection only; not a commitment and not based on actual income data.
Specification
Finish and construction levels
Three blocks with different products: Block A is hotel-style, Block B apart-hotel units with kitchenettes, and Block C investment apartments sold in green or premium frame. Premium units include private balcony pools. Confirm per-block finish definitions with the developer.
Income
Management and income split
60%
To owners
40%
To management company
per Montemar management terms (operator name to be confirmed)
Rental is planned under professional management by an international hospitality operator, with a 60% owner and 40% management split. The operator's name has not yet been disclosed; confirm before relying on it.
Gumbati Group
Gumbati Group was founded in 1998 and was among the first companies to start large-scale construction in Batumi, beginning in reconstruction and repair before moving into residential and commercial development from 2005. By its own account it has built more than 1,000,000 square meters over roughly 26 years, employs around 300 people, holds ISO 9001:2015 certification, produces its own building materials, and has built two Olympic-standard stadiums. It has offered hotel services in residential projects since 2019 and apart-hotels since 2020, with in-house interiors (Gumbati Art), design, and property-management divisions. It builds across Batumi, Gonio and Kvariati; projects include Strada, Montemar, Gumbati Residence, Black Sea Towers, Portline, Boulevard Point and Midtown. Headline figures are the company's own.
Visit developer website1998
Year founded
Founded 1998, among Batumi's first large-scale builders1,000,000+ m² builtISO 9001:2015 certified2 Olympic-standard stadiums builtIn-house materials production and property management
