Business
Posted:
4 years ago
Borjomi-Likani Hotel’s Sales Price Falls
Following several attempts, Borjomi-Likani hotel will be put out for auction repeatedly. As decided by the Partnership Fund, the sales price of the complex is 30.4 million GEL, down 7.5 million GEL compared to the previous auction.
Together with the hotel, the price also includes the territory of 10 hectares.
We remind you that initially, the Partnership Fund owned a 50% stake in the hotel, however, in 2018, the Fund fully bought off Borjomi-Likani from the Kazakh Party and took over a 100% stake. In the same year, the Fund announced plans for sales of the Hotel.