Wissol continues to sell non-core assets. The company’s managing director Vasil Khorava confirmed commersant.ge that the sale of “Lomsia” hotel in Akhaltsikhe is on the agenda and in a case of a favorable offer, “Wissol” will alienate it.
Khorava touches on the issue of alienation of the FC “Torpedo” and says the project is in progress. As for the construction of a hotel on site of “Abkhazia” hotel, at this stage the project is being developed. “I confirm that the hotel and sports club in the non-profile business and it is quite normal to hand over to the owner who will manage them even better”, – Khorava notes.
He says the company thinks that it is better to pass the hotel into the hands of the international brand which will manage the hotel better. “Wissol Group” Akhaltsikhe opened “Lomsia” hotel in Akhaltsikhe in August 2012. “Lomsia” consists of 63 rooms and can accommodate 150 guests. Wissol Group invested several million GEL in the project. Up to 60 local residents were employed in the hotel.
Soso Pkhakadze, Chairman of the Supervisory Board of JSC Wissol Petroleum Georgia, exclusively confirmed in a conversation with radio “Commersant” a few weeks ago that he had refused to fund the FC ”Kutaisi – Torpedo”.
Pkhakadze named relations with large financial institutions as a reason. According to Pkhakadze, at the request of these institutions, the company must deal directly with their business because the company’s non-profile business is not acceptable for them. The company received the base of the club as investment commitments from the state for a symbolic price of 1 GEL in 2010.