The FINANCIAL — The LEPL National Agency of State Property of the Ministry of Economy and Sustainable Development of Georgia, within the project – 50 Property for Your Hotel, disposed the property on Tbilisi and Bakuriani amounting to total 5 506 000 GEL via the e-auction.
The price of the plot of land (3 668m²) located in Otar Chiladze Street in Tbilisi, reached 3 800 000 GEL. According to the terms of the auction, at least 80-room hotel shall be provided on the territory, which requires the investment amounting to 10 000 0000 GEL.
Interest was high regarding the plot of land (12 468m²) located near the skiing track Didveli in Bakuriani. The winner of the e-auction was determined after the 298 bets and the final price of the property reached 1 706 000 GEL. Following the terms of the auction, a hotel-complex with at least 2 000 000GEL the investment volume will be provided on the sold territory.
At this point, within the framework of the Project – 50 Property for Your Hotel, through out the country it was sold the property amounting to 44 906 501 GEL while the investment for t provision of hotels on those plots of lands will reach at least 69 200 000 GEL, according to Ministry of Economy and Sustainable Development of Georgia.
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