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World-Class Tourism Infrastructure
  • Holiday Inn Resort
    70 hotel rooms
  • 300 residential & investment
    apartments
  • Congress hall for
    up to 3,000 guests
  • Sports
    facilities
  • Ski
    school
  • Retail & commercial
    spaces
  • Restaurants
    & bars
  • Fitness
    & Spa
Offering stylish accommodation, modern wellness and sports facilities, diverse dining venues, and versatile event spaces, the resort delivers a premium guest experience under one of the world's leading hospitality brands.
Holiday Inn Resort Tsaghkadzor, part of the IHG Hotels & Resorts portfolio, is a contemporary four-star destination that combines internationally recognized hospitality standards with elegant, mountain-inspired architecture. Its distinctive wave-shaped glass façade is designed to become one of Tsaghkadzor's most recognizable landmarks.
Discover the Vision Behind the Project

Տեղադիրք՝
Ծաղկաձոր

Nestled in the heart of Armenia's majestic mountains, Tsaghkadzor is renowned for its breathtaking scenery, pristine alpine air, and year-round appeal. From world-class skiing in winter to hiking and outdoor adventures in the warmer seasons, it offers an exceptional lifestyle surrounded by nature.

Driven by continuous tourism development, internationally recognized hospitality brands, and a growing number of visitors, Tsaghkadzor has become one of Armenia's most attractive investment destinations—offering strong growth potential, lasting value, and an exceptional mountain living experience.
Where is The Wave Located
Strategically located in the heart of Tsaghkadzor, The Wave provides immediate access to the resort's key tourism, leisure, dining, and sports destinations. Its exceptional setting, combined with pristine mountain surroundings and well-developed infrastructure, creates an ideal destination for both recreation and relaxation.
Tsaghkunyats
Square
| 2.6 km | 4 min |
Yasaman
Tsaghkadzor
Restaurant
| 2.3 km | 4 min |
Coma Club
| 1.4 km | 3 min |
Popock
Tsaghkadzor
| 0.6 km | 1 min |
Զիպլայն Ծաղկաձոր
| 3.1 km | 5 min |
Kecharis Monastry
| 2.6 km | 4 min |
Mariott
Tsaghkadzor
| 2 km | 3 min |
Services
The Wave delivers 5-star hotel amenities with a focus on comfort, elegance, and attention to details.
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Infinity Pool
The resort's modern infinity pool has been thoughtfully designed to deliver an exceptional leisure and wellness experience. Featuring contemporary swimming facilities and premium guest amenities, it provides the perfect setting for relaxation, recreation, and rejuvenation.

Complete with modern changing rooms, showers, and dedicated relaxation areas, the pool will become one of the resort's signature attractions—offering guests a seamless blend of comfort, wellness, and breathtaking mountain views.
Tennis & Padel
Designed to promote an active and healthy lifestyle, the resort's modern sports facilities provide an exceptional environment for guests of all ages. Whether enjoying a friendly match or maintaining a regular fitness routine, every experience is enhanced by the fresh mountain air and stunning natural surroundings.

The resort will feature dedicated tennis and padel courts, creating the perfect setting for recreation, wellness, and social interaction. Together with the resort's comprehensive leisure amenities, these facilities will offer guests an engaging and well-balanced mountain lifestyle.
Fitness& Spa
Designed for guests who embrace an active and healthy lifestyle, the resort's fitness center features state-of-the-art equipment and dedicated functional training areas. Created to support daily workouts, physical wellbeing, and overall wellness, the space has been thoughtfully designed to inspire movement, promote healthy living, and energize every day.
Congess Hall
Designed to accommodate up to 3,000 guests, the Congress Hall will serve as one of Armenia's premier venues for international conferences, corporate events, exhibitions, and large-scale celebrations. Its exceptional capacity and modern facilities will position Wave Tsaghkadzor as a year-round destination for business, cultural, and social events.
Restaurant
& Bar
From morning coffee and business meetings to family dinners and evenings with friends, every visit is an experience to enjoy. Exceptional service, carefully curated cuisine, and a contemporary ambiance come together to create a destination where fine dining and comfort are seamlessly combined, making the restaurant and bar an integral part of the resort lifestyle.
Residential & investment
apartments
Depending on the owner's preferences, apartments may be purchased either fully finished and furnished, ready for immediate use or participation in the rental program, or delivered in White Box condition.
  • Fully Finished
    The fully finished apartment features a professionally designed interior, complete with a fitted kitchen, integrated appliances, and a modern heating system. Owners also benefit from exclusive pricing on the purchase of loose furniture and soft furnishings.
  • White Box
    The White Box option provides a prepared interior with essential floor and wall finishing completed, offering the ideal foundation for a fully customized interior design.
Property management
options
Choose the ownership model that best aligns with your investment objectives
  • Personal use
    Enjoy unrestricted use of your property at any time, whether for short stays or extended visits.
  • Self-management
    Manage your property independently by listing it on your preferred rental platforms or working with your own property management partners.
  • Professional management
    Entrust your property to the professional management teams of Holiday Inn Resort and Mövenpick Resort Tsaghkadzor, who will maximize its operational performance while delivering a seamless ownership experience.
Management
application
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Owners may participate in the Property Management Program, designed to maximize rental income while ensuring the professional operation of their property.
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Guests staying in managed apartments enjoy full access to all services and amenities available throughout the resort.
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Properties enrolled in the Management Program remain the responsibility of their owners for utility and operating expenses.
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Rental income generated through the Management Program is distributed equally, with a 50/50 revenue share between the property owner and the management company.
Purchase options
Mortgage financing
Up to 20 years
Through a partner bank
10% down payment
90% loan-to-value (LTV)
From 11% annual interest rate
No additional collateral required
Eligible
for income tax refund
Deferred payment plan
Up to 5 years
Direct developer financing
20% down payment
80% financing
0% interest rate
No additional collateral required
Not eligible
for income tax refund

Sales Office & Contacts

  • City Nest

    The property is under sale by City Nest, a company bringing a fresh touch to Armenia’s real estate market. City Nests’s sales managers will navigate you through the end-to-end credit processes and periodically update you on the progress of your property. You can observe the 3D model of The Wave at our sales office.

  • City Nest

    The property is under sale by City Nest, a company bringing a fresh touch to Armenia’s real estate market. City Nests’s sales managers will navigate you through the end-to-end credit processes and periodically update you on the progress of your property. You can observe the 3D model of The Wave at our sales office.

Sales office address
Website
Contact us