Aurora Resort in winter: the hotel among snowy pines by the ski slopes of Tsaghkadzor

Apartments in a hotel that is already open

Ready-made, fully finished and furnished rooms in Tsaghkadzor. The hotel welcomes guests all year round, and a professional management company with 14 hotels in Armenia and abroad takes care of everything.

Choose an apartment

2026new owner, new management

You are not buying a construction pit or a rendering, but a room where guests are already staying.

Aurora Resort has been welcoming guests for five years. In 2026 the hotel passed to a new owner, us, and is now run by our management company with a network of 14 hotels in Armenia and abroad. We have divided the hotel into separate apartments: we are selling some and keeping the rest, so the return of every room matters to us as much as it does to you.

The upgrade has already begunPart of the proceeds from apartment sales goes straight into renovating the rooms and improving the hotel grounds.

Hotel and pool in winter, aerial view — Winter

The hotel and the market in numbers

Armenia is experiencing record tourism growth, and Tsaghkadzor remains the country’s leading mountain resort. The hotel has operated for five seasons, and since 2026 it has been run by our team. Since the start of 2026 the hotel’s occupancy has been above the national average.

Market data: HVS, Armenia Market Pulse 2026.

68%average hotel occupancy in Armenia in 2025

2.3 millionforeign tourists in 2025, an all-time record

+23%growth in tourist arrivals in the first four months of 2026

14hotels in our management company’s network

★ 4.9hotel rating on Yandex Maps

71%hotel occupancy since the start of 2026

Apartments for sale

All rooms are sold finished, furnished and equipped, and join the rental programme straight away. Each apartment comes with a share in the hotel’s common property and in the land plot.

Studio room with a large bed and floor-to-ceiling window

Studios

Two rooms

With terrace

Attic room with a high sloping ceiling and panoramic windows

Attic floor

Find an apartment

Legally, it is a residential flat

The apartment is registered as a residential flat and becomes your full private property. You can sell it, gift it or pass it on by inheritance.

Flatproperty status in the documents

Cadastral codeeach apartment has its own

Certificateof ownership in your name

While the unit lease agreement with the management company is in force, you must notify the company if you sell the apartment; it has a right of first refusal, and the new owner joins the agreement.

In the heart of Tsaghkadzor

The hotel sits at the foot of Mount Teghenis, a few minutes’ walk from the lower cable car station. Kecharis Monastery, the park and the resort centre are close by, and Yerevan and the airport are less than an hour’s drive away. Tsaghkadzor is Armenia’s leading mountain resort: skiing and snowboarding on the slopes of Teghenis in winter, and cool mountain air, forests, trails and an ancient monastery in summer.

30 kmof ski runs

2.819 mtop point, Teghenis summit

853 mvertical drop

5cable car sections

Cable car website

The resort in winter: slopes, cable car and town

Open in Yandex Maps★ 4.9 hotel rating on Yandex Maps

On foot

Cable car and slopes≈ 7 min
Town park≈ 10 min
Kecharis Monastery≈ 15 min
Orbeli Brothers House Museum≈ 20 min

By car

Yerevan≈ 40 min
Zvartnots Airport≈ 1 hour
Lake Sevan≈ 40 min
Resort centre≈ 5 min

View from the hotel over the forested Tsaghkadzor valley — View from the hotel windows

What the hotel offers

Everything that brings guests back to Aurora in winter and summer, and keeps rooms booked all year round.

Heated pool

The outdoor pool on the hotel grounds is open all year round. In winter you can swim with a view of the snowy slopes.

Panoramic restaurant

A large restaurant with panoramic mountain views, for breakfasts, dinners and family celebrations.

Sauna with plunge pool

A steam room and a cold plunge pool to recover after a day on the slopes.

Mini-zoo

Deer, goats and rabbits live on the grounds. For families with children it is one of the main reasons to choose Aurora.

Two kids’ rooms

Under reconstruction. The design includes two separate playrooms: a soft room for toddlers and a room for older children with a sandpit, arcade games and a chill-out area.

Kids’ gym

A new gym under the reconstruction plan: climbing wall, wall bars, rings and ropes, soft play modules, fitballs and kids’ exercise machines.

Balinese massage

A new massage room under the reconstruction plan: Balinese-style interior, massages for one or for couples, and a relaxation area.

Gym

A strength machine, treadmill, elliptical trainer, stretching mats and a table tennis table.

Ski room

Storage and drying for skis, snowboards and boots. The cable car is about a 7-minute walk away.

Rendering of the kids’ rooms after reconstruction

Rendering of the Balinese massage room after reconstruction

Rendering of the kids’ gym after reconstruction

Gym with table tennis table and machines

The hotel in photos

Rental programme

You lease your apartment to the management company and it operates as a hotel room. Every quarter you receive rent: 70% of the distribution base, in proportion to your apartment’s coefficient.

70%

30%

to apartment ownersto the management company

The distribution base is room revenue less taxes on revenue, booking platform, agent and bank commissions, the hotel’s utility bills and the room renewal reserve, the size of which is approved by the owners’ meeting. Each apartment’s share is set by its coefficient: floor area adjusted for category, and days in the programme.

Costs on the company

Staff, cleaning, linen, routine repairs, upkeep of common areas, marketing and bookings are paid by the management company out of its 30%.

We withhold the tax

As tax agent, the management company withholds and pays income tax, and you receive the net amount. Property tax is paid by the owner.

Paid quarterly

To your bank account by the 25th of the month following the quarter.

Full transparency

A quarterly report by the 20th, an annual report, a personal account in the booking system and an independent audit of calculations at least once every three years.

5-year agreement

With automatic renewal. The lease is registered with the RA Cadastre Committee at the management company’s expense.

Example payout calculation

A 26 m² studio costing AMD 33.800.000, in the programme for all 90 days of the quarter. Amounts in Armenian drams.

Room revenue under the programme for the quarter	101 470 000
less VAT (20% included in price)	−16 911 667
less platform, agent and bank commissions (4%)	−4 058 800
less the hotel’s utility bills	−1 000 000
Distribution base	79 499 533
Apartment coefficient: 26 m² of 1.317.2 m² in the programme	0.0197
Apartment’s share of the base	1 569 229
Rent to the owner (70%)	1 098 460
less income tax, withheld by the company (10%)	−109 846
Net payout for the quarter	988 614

Rent per year4 393 840 ֏

Yield in AMD13%per year before income tax

Net after tax3 954 456 ֏11.7% per year

This example is illustrative and shows how payouts are calculated under the unit lease agreement. It assumes occupancy of about 70%. The room renewal reserve is not included: its size is approved by the owners’ meeting. The actual payout depends on the hotel’s real revenue, the coefficient and the price of your apartment.

Holidays for owners

30 nightsfree per year at Aurora Resort outside peak periods

up to 15 nightsin our network hotels instead of nights at Aurora: one night in the network counts as two

−20%on stays in peak periods and above the limit, plus a discount on the hotel’s extra services

Peak periods: 1 June to 25 August and 15 December to 1 February. The exact rules for using nights and the discount levels are set by the agreement with the management company.

Choose an apartment and register it in your name
Sign the unit lease and hotel programme agreement
The room keeps welcoming guests without interruption
Receive a report and rent every quarter

Income is not guaranteed: rent depends on the hotel’s actual revenue. Past occupancy figures and any yield calculations are for information only and are not a promise of income. Full terms are set out in the unit lease and hotel programme agreement.

How to buy

Up to 36 months

Instalment plan

Pay for the apartment in instalments over up to three years, directly to us, with no bank involved.

12% per year*

Mortgage

With a 50% down payment, our partner bank has pre-approved financing for the balance in Armenian drams.

* Mortgage terms are given for information and do not constitute a public offer. The decision to grant a loan, its amount, rate and term are determined by the bank after reviewing the application and may change. The seller is not a credit institution and does not guarantee loan approval.