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Rakia Georgia to Spend 40 mln USD on Sheraton Hotel Renovation

Rakia Georgia to Spend 40 mln USD on Sheraton Hotel Renovation

The renovation process of the hotel “Sheraton Metechi Palace” started in 2013. The project is expected to be completed by the end of 2016.

Rakia Georgia” told Maestro TV’s Business Contact that for now facade renovation works are in progress at Sheraton Metechi Palace. A state tender has been announced on the refurbishment of the hotel.

Initially it was planned to spend 20-25 million dollars for the project implementation, however, as the company explains, the cost for the Sheraton renovation has changed. Today it amounts to 40 million dollars.

The official opening of the hotel is scheduled at the end of 2016.

Sheraton Metechi Palace was Georgia’s first American hotel built in Tbilisi in 1991. It is located in a central area overlooking the old part of the city and run by Starwood Hotels and Resorts.