05.Dec .2019 15:06

Public Auction of Borjomi Likani Hotel to be Held at the PF on December 6

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The Partnership Fund is looking for an investor who will be interested in a long-term lease or full purchase of the Borjomi Likani Hotel.

The fund offers a 10-year lease on hotel assets (along with the procurement right) to the potential investors. The initial price is $ 37,565,408. In the case of the lease, the annual rent is 8% of the purchase price, or 3,005,200 USD.

To remind, the Partnership Fund alienated 100% -share from Kazakhs in June 2018. A few months earlier, Rixos left the hotel management, which has been in charge since February 2015. After that, the hotel operates under the name of Borjomi Likani.

The five-star hotel unites 151 rooms. According to audit reports, JSC Borjomi Likani International finished 2018 with a loss of 4.5 million.

It worth to note, that Public Auction of Borjomi Likani Hotel will be held at the Partnership Fund on December 6. Adress: Tbilisi, Vukol Beridze str.6.