KB21, Riga VI

Reasons to invest in the project KB21, Riga VI:

• Attractive Returns: 7.75 – 8.75% p.a., paid monthly;
• Fixed Capital Gains: 1.5% p.a., paid at maturity;
• Loan-to-Value Ratio (LTV) : up to 70%, with a collateral value of EUR 1,440,000;
• Growing Demand: Central Riga location with increasing need for budget accommodation;
• Completed Conversion: 28 rooms and 40 capsules (pods) with shared facilities.

The InRento team is introducing the sixth financing stage of the buy-to-let project KB21, Riga VI. Riga – Latvia’s capital and the Baltics’ largest city with a metropolitan population of more than 840,000 residents. The city is a key economic, cultural, and transport hub in the region, driving strong demand for accommodation.

The investment offer consists of a commercial building of 708.20 sq. m. and an adjoining land plot of 326.00 sq. m. at Krišjāņa Barona St. 21A, Riga.

The purpose of the project is to convert the building into budget short-term accommodation, offering 28 rooms and 40 capsules (pods), supported by shared showers and utilities. Guests will also benefit from a common space for work and leisure, while the courtyard will provide parking for cars. Renovation works will include infrastructure upgrades, façade improvements, and basement renewal. Once the project is fully operational, the owner expects to generate an annual profit of around 300,000 EUR.

Since the previous financing stage, the hotel's planned sleeping-capsule area has been completed and opened to guests in October, bringing the property into full operation. According to Booking.com data as of 22 October 2026, the property has recorded 3,861 booked room nights, representing EUR 128,852.78 in room revenue associated with bookings through the platform since the beginning of operations. Additionally, according to the project owner, occupancy reached 93% during the summer season. This is the project's final financing stage, with the funds allocated to cover the remaining project expenses.

The project is managed by two experienced real estate professionals – Lina Baronaitė and Gediminas Kvedaris – each with more than ten years of experience in real estate development. They have successfully implemented several short-term rental projects in Lithuania’s largest cities – Vilnius, Kaunas, and Klaipėda – and internationally in Lapland, Finland and Sicily, Italy.

Lina and Gediminas also manage projects already financed through the InRento platform, including Noa Villas, Finland, Hotel Catania, Italy, P10, Riga, V50, Vilnius, San Berillo, Catania and Old Town Stay, Vilnius. Project owners also successfuly realised project financed on InRento platform – P6, Kaunas. 

Their proven track record and strategic approach have enabled them to build a solid portfolio: the team currently manages 130 apartments and rooms for short-term rental, with an additional 98 units under active development.

The project’s location provides excellent accessibility. The building is situated in central Riga, close to the city’s main transport routes and within walking distance of public transit. Riga Old Town and its cultural landmarks are just 10–15 minutes away on foot, making the property attractive for short-term guests. Shops, services, cafés, restaurants, and entertainment venues are also nearby, ensuring convenience for visitors.

The project offers investors fixed monthly interest of 7.75 – 8.75% p.a., along with fixed capital gains of 1.5% p.a., paid at maturity. Which raises gross profitability between 9.25% and 10.25% p.a.

The maximum duration of the loan – 24 months.