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Lasha Papashvili Names New Date of Hotel Construction Start in Abastumani

Lasha Papashvili Names New Date of Hotel Construction Start in Abastumani

According to businessman Lasha Papashvili, construction of a high-level hotel in Abastumani will start in the next month.

According to him, $ 10 million is being mobilized at this stage, which is enough for construction. However, negotiations are also held with TBC Bank and the EBRD in order to mobilize additional sums. This sum will be spent on the hotel’s amenities.

The total investment cost of the project is $ 30 million. According to Papashvili, the hotel should be constructed in 6 months after the start of the construction, but due to the high mountain region and bad weathers, it may take up to eight months.

Earlier, Papashvili told GBC that construction of the main building of the hotel in Abastumani would begin in the summer.