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Investor pack
- Presentation of all formats
- Legal guide: ownership, inheritance, resale
- Comparison with alternatives
- All owner expenses
A dollar asset at a resort: grows in value, rented to guests, managed by Wyndham
Villas and apartments at Charvak, 55 km from Tashkent. Bookings, guests, service and reporting are handled by the operator.
Charvak, Uzbekistan
- rental income split between the owner and the management company
- 50 / 50
- of the project already built
- 80%
- Wyndham hotels in 95 countries
- 9,300+
- lake, water park, Chimgan ski slopes
- 4 seasons
You own. The operator manages.
Our mission is to set a new standard of leisure in Uzbekistan — and to let you own a share of it, without running it yourself.
-
01
You buy
A villa or an apartment. Priced in dollars, with instalments tied to construction stages.
-
02
You hand it to management
A contract with a Wyndham-approved management company.
-
03
Guests book it
Through Wyndham's international booking system and travel channels.
-
04
You get income and a report
Occupancy, average rate and the payout — in a clear owner report.
How rental income is shared
No hidden margins: the split is fixed in your contract with the management company.
50%
Owner
50%
Management company
- Priced in USD
- Instalments by construction stage
- Report every quarter
DELUXE Villas
A two-story format for those who value space. Below is the area where the entire family gathers: kitchen, living room, common table. Upstairs are private rooms, silence, and panoramic windows overlooking the mountains. Two heights, two moods: during the day, life boils on the first floor, and in the evening, everyone goes their own way. Ideal when you want to be together but not huddle together.
Why investors choose it
- The most in-demand resort rental format
- For families and groups
- Personal stays agreed in the contract
248 / 260 M²
area
20
quantity
5020 M²
total area
CAVE Villas
Villas carved into the logic of a cliff — such are found nowhere else in Uzbekistan. The coolness of the stone in summer, the natural acoustics of silence, the feeling that you are inside the mountain itself, not next to it. This is not just a room — it is an experience that cannot be repeated in a regular hotel. Architecture that you want to touch with your hands and photograph from every angle.
Why investors choose it
- Nothing like it in the country
- Only 12 villas in total
- Stands out in booking searches
164 M²
area
12
quantity
1968 M²
total area
PRESIDENTIAL Villas
First line. What they fight for and pay the most for is your default. Maximum territory, maximum privacy, a view that only opens from here. Here, space is not shared with neighbors: the garden, approaches, and view are all yours. A format for those who are used to having the best seat in any hall.
Why investors choose it
- First line by the water
- Largest plots: 435–650 m²
- Scarcity: only 5 villas
260 M²
area
5
quantity
5020 M²
total area
Where nature and luxury meet
Modern apartments with panoramic nature views. The most accessible way into a Wyndham resort — a compact format with frequent bookings.
View all apartments- apartments
- 350+
- area
- 32–138 m²
- guide price
- from $100k
Masterplan and Location
Close enough for a weekend, big enough to keep guests on site: water park, ski slopes and the lake within minutes.
- Total area
- 1 000 000 M²
- From Tashkent
- 55 km
- Apartments
- 350
- «Bochka» food zone
- 13 MIN
- Capacity
- 6 500 ppl
- Villas
- 37
- «Chinorkent» cable car
- 8 MIN
- All-season «Chimgan» mountain resort
- 38 MIN
Where to start
Three ways in — from a quiet read at home to walking the site yourself.
30 minutes
Meeting with a manager
- Online or at Tashkent City Mall
- A property matched to your budget
- Walkthrough of the model for your property
About an hour away
Site visit
- Construction site and resort grounds
- Meeting with the project team
- Walkthrough of the management model
What if…
The six questions every investor asks — answered before you sign anything.
Construction risk
Your payments never run ahead of the work
Instalments are tied to construction stages. Wyndham reviews the project and materials and signs off on the resort before it opens.
80%
of the project is already built
- Video report every 2 weeks
- Stage-based instalments
- Wyndham sign-off
Currency risk
A dollar asset, not a sum deposit
The price is fixed in dollars, and guests book through Wyndham's international system — your asset and its income aren't tied to the sum exchange rate.
USD
price and valuation currency
- International bookings
- Fixed dollar price
Seasonality risk
Designed for four seasons of demand
Water park in summer, Chimgan ski slopes in winter, SPA and conference hall all year round.
4
seasons of guest demand — not one
- Chimgan · 38 min
- SPA & conferences
- Aquapark
Cost risk
Every cost on one page, before you sign
Management fee, utilities, service charge, tax, insurance, repair fund — all in one table in the investor pack.
1
table with every owner expense
- Full cost map
- No hidden margins
Legal risk
Government-approved, with a 49-year land lease
The project is approved by Cabinet of Ministers Resolution No. 490. Ownership and inheritance are explained in the investor legal guide.
49
years of land lease
- Resolution No. 490
- Legal guide
Accountability
Two partners with clear roles
Developer Dune Group Development builds. Wyndham Hotels & Resorts oversees construction and manages the resort.
2
accountable partners in the contract
- Dune Group Development
- Wyndham Hotels & Resorts
Have a question that isn't here? We'll go through your case in 30 minutes.
A global operator behind the project
Not a local developer but an international hotel chain with a verifiable track record. Delivered with Dune Group Development and the support of the Government of Uzbekistan (Cabinet of Ministers Resolution No. 490).
9,300+
hotels worldwide
95
countries
10+
years in Uzbekistan
Wyndham oversees architecture, materials and finishes at every stage of construction. A final inspection before launch to an international quality standard — 15+ Wyndham properties already operate in Uzbekistan.
“We're not just building villas and apartments — we're building an asset that works for the investor 365 days a year through the Wyndham booking system.” — Wyndham Resort Charvak project team
A transparent model: you see everything before signing
Financial model with three scenarios
Not “we promise 8–12%”, but a concrete table: ADR, seasonal occupancy, management fees, net income — pessimistic, base and optimistic.
A full map of costs before you buy
Utilities, service charge, taxes, insurance, repair fund, management fee — one table with every figure.
A contract with a transparent structure
Ownership model, obligations of each party, exit terms — written into the contract, not just promised.
Wyndham oversight at every stage
The international brand oversees construction and signs off on the property. Video reports from the site every 2 weeks.
Is this right for you?
We don't work with everyone — and we say so openly.
This is for you if
- You have $80,000–$500,000 of free capital and want to diversify beyond your business
- You're tired of managing rentals yourself — you want to “invest and forget”
- Transparency matters: figures, reports and cost structure before signing
- You're ready for an asset with a 3–5+ year horizon
Not a fit if
- You're looking for a quick resale within 6 months
- You want a private holiday home, not an investment asset
- You're not ready for a minimum entry of $80,000
- You expect a guaranteed 20%+ a year — this isn't a deposit
Four seasons of guest demand
Lake and water park in summer, Chimgan slopes in winter, SPA and events all year — the reasons guests book, and keep booking.
01
Summer
Aquapark
30 slides & pools
02
All year
Quad biking
Mountain-trail adventure
03
Spring
Autumn
Horseback riding
Trails through nature
04
Spring – Autumn
Karting
Racing on a scenic track
05
Summer evenings
Open-air cinema
Films under the stars
06
All year
Alpine coaster
A 2 km mountain coaster
07
Spring
Summer
Rope park
Five levels for all ages
08
All year
Sports zone
Tennis, football, basketball
- Summer
- Lake, aquapark, open-air cinema
- Autumn
- Hiking, horse riding, retreats
- Winter
- Chimgan ski, SPA, New Year stays
- Spring
- Mountain trails, conferences, events
Fresh air entertainment
Everything a guest needs for a full stay is inside the resort — which keeps them longer and brings them back.
Aquapark
The area of the water park will be 55,000 m², and its simultaneous capacity will be 3,500 people.
Quad bike
Exciting ATV routes along mountain trails offer adrenaline and unforgettable emotions, immersing you in the grandeur of nature and the dynamic thrill of thrills.
Clay shooting
Shooting in open mountain terrain is an active leisure activity that harmoniously combines complete safety, exciting excitement and a unique surrounding atmosphere.
Golf carts
A premium vacation on a 100-hectare property is impossible without maximum safety and ease of travel for guests.
Rodelbahn Alpine Coaster
This is a thrilling, high-speed ride covering 2 km, which gives the feeling of flying at the speed of the wind through breathtaking landscapes.
Karting
Karting on our track delivers intense emotions and adrenaline, turning every race into a dynamic competition against a backdrop of picturesque landscapes.
Video overview
A tour of the masterplan, the villas and the lake — the clearest way to understand what you’d own.
What people ask before buying
Can't find your question? A manager will answer it in a 30-minute call.
It depends on the format, season and occupancy. We go through the model for a specific property at the meeting — in three scenarios, not a single promise.
Deposits are usually in sums and depend on the exchange rate. Resort real estate is a physical dollar asset: it earns rental income and can grow in value.
Resort property takes longer to sell than a city flat — we say so honestly. It's an asset for a horizon of 3+ years. Assignment terms are set out in the contract.
Payments are tied to construction stages, and progress is visible in the video reports. The terms are fixed in the contract.
The ownership model, inheritance and what happens when the term ends are covered in the legal guide in the investor pack.
Yes — personal use is agreed in the contract with the management company, so your stays and rental periods are planned together.
The full picture of the project — before the first call
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- Presentation of all formats
- Management and reporting model
- Investor legal guide
- Comparison with alternatives
- All owner expenses
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