Within the frameworks of the project “50 Properties for Your Hotel,” last year the government sold 11 properties, with the overall privatization costs coming to 15,587,000 GEL.
According to the data by the Mministry of Economy, investors have to invest over 49.6 million GEL into the 11 locations mentioned above. The property located on Chiladze Street in Tbilisi was the most expensive property sold by the government last year.
The following companies bought properties from the state for the purpose of building hotels:
Property: Real estate and land in ‘Didveli’ in Bakuriani
Buyer: Vertex Ltd.
Privatization cost: 1,706,000 GEL
Investment Value: 2,000,000 GEL
Property: Property located on Chiladze Street N9, Tbilisi
Buyer: Amer Development
Privatization cost: 3,800,000 GEL
Investments Value: 10,000,000 GEL
Property: Borjomi, Libani village
Buyer: Ltd Jandy
Privatization cost: 1,003,000 GEL
Investment value: 8,000,000 GEL
Property: Tskaltubo, sanatorium Iveria
Buyer: Iveria Palace Ltd.
Privatization cost: 500,000 GEL
Investment value: 10,000,000 GEL
Property: Mestia, Seti Square
Buyer: Lela Guledani
Privatization cost: 1,108,500 GEL
Investment value: 3,000,000 GEL
Property: Property in town of Surami
Buyer: Park Ltd.
Privatization cost: 890,000 GEL
Property: Kvareli in the vicinity of Ilia Lake
Buyer: LLC Wine Way 2017
Privatization amount: 152,000 GEL
Investment Value: 5,000,000 GEL
Property: Property in town of Surami
Graduation: Gia Kupradze
Privatization cost: 7,000 GEL
Investmetn Value: 300,000 GEL
Property: located at Tbilisi International Airport
Buyer: Fujin Silk Property LLC
Privatization cost: 1,851,000 GEL
Investment value: 1,000,000 GEL
Property: Resort Akhtala
Buyer: Global Vector Georgia Ltd
Privatization Cost: 3,760,000 GEL
Investment value: 13,000,000 GEL
Property: Property in Tsikhisdziri
Buyer: physical person B. G.
Privatization cost: 810,000 GEL
