Avotu 23-23a, Riga, Latvia
1500 m²
2015—2016
450 m²
6
7.5 % annually
Planning
Search for and purchase of the facility
Development of the investment plan
Development and coordination of the documents required to complete the renovation
Full legal supervision of the project, including the obtainment of the municipal co-financing for the reparation of historical facades and entrance doors.
Full renovation of the houses
Replacement or repairs of the ceilings
Renovation of the facades
Redevelopment of the rooms
Full replacement of the communications
Reconstruction of electrical and heating networks
Refinement and renovation of the rooms
Development of the design projects for the flats
Furnishing and installation of technical equipment
Interior refinement
2016–2018:
Launch of the project using the Apart Hotel model
From 2016 to 2018 the facility was operation under the brand Avotu Apartments 23.
Apartments for short-term and long-term leasing in the center of Riga.
Popular place
In a short while after the launch, the facility became one of the popular places of accommodation for guests and tourists in Riga. The average rating on booking. com — 9.6 Excellent. Average rating in the Google Booking catalogue — 4.2 Great.
2018 to date:
Long-term leasing of flats
The flats in the apartment building were adapted for long-term leasing.
House maintenance.
A management company was created.
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