Real Estate
Posted: 2 weeks ago

50-Room New Hotel to be Built in Kutaisi

A new hotel will be built at #2Aghmashenebeli Street in Kutaisi city of Imereti region within the framework of state project “50 Properties for Your Hotel.”

According to the State Property National Agency, Kutaisi Inn Ltd was handed over 2250.00 square meters of a land plot and amortized buildings through an online auction in return to 430 thousand GEL.

Based on privatization conditions, the company has to have built no less than 50-room hotel within 42 months and employ 50 people.

The project “50 Properties for Your Hotel” aims at assisting investors to arrange and refurbish infrastructure for the development of tourism.

The 24 objects are sold at the current stage of the project. The state budget received more than 58 million GEL, while the volume of investments carried out for the arrangement of hotel infrastructure exceeds 124 million GEL.