The Batumi real estate market is developing dynamically, driving a growing demand for high-end, professional management. In response to these market dynamics, the partnership launched in 2022 between the development company ELT Group and the international management company IPM is moving into a brand-new, even more large-scale phase. As part of this collaboration, IPM is assuming full responsibility for managing the apart-hotels within the "ELT Quarter," located on Batumi's New Boulevard.
While numerous local and foreign brands operate across Georgia, and specifically within the Adjara region, the unique nature of this coastal city made it crucial to select a partner with specialized, profile experience precisely in apart-hotel management. Founded in 2017 as a real estate management and services company, IPM successfully operates across five European countries: Estonia, Latvia, Lithuania, Poland, and Cyprus. The company’s portfolio combines boutique hotels and apartments, allowing them to deliver a tailored and highly efficient approach to every project. Transparency and professionalism are the two core principles guiding how the brand manages its properties. As a result, property owners receive a stable, optimized, and highly profitable return on their investment.
ELT Group already partners with leading global brands such as Barceló Hotel Group and Wyndham Hotels & Resorts. Bringing IPM into this network further reinforces ELT’s reputation for delivering top-tier real estate, high-quality hospitality, and effective investment opportunities.
