Four-star hotel for sale in Tbilisi Vere Palace

Georgia, Tbilisi City, Tbilisi - view exact location

Financial information

Payback period: On request

Gross Revenue: On request

Profit: On request

Cash flow: On request

Business information

Form of Ownership: Ltd

Business status: Operating business

Terms of alienation: Share sale (%)

Number of staff: On request

Lifetime period: 20 year(s)

Description

Site location: Mtatsminda, Old Tbilisi side; It is 30 minutes drive from the airport.
Land type: Private;
Ownership: Vere Palace, LLC.
Plot area: 551 sq.m.
Building area: 4300 sqm
Floors: eight (8);
Type: 4-star hotel;
Object details: 42 rooms (9 suites), 1 restaurant, 1 cafe bar inside the building and 1 outdoor bar on the terrace, outdoor pool on the top floor; fitness center and sauna, banquet and conference rooms, business center.
Parking: on the street;.
Hotel opened: August 20, 1999.
Last renovation 2007 .

Condition: requires complete renovation of premises and furniture.
Asking price: $ 4,900,000.

Description of the activity
The  hotel is located in the center of Tbilisi, next to the parliament, TV channel and other public and private cultural and business organizations.
The hotel is distinguished as a luxurious and oriented family hotel. Its interior contains elements of classic baroque, selected from the extravagant interior of Louis XVI, in harmony with modern technological solutions and comfort.

The hotel cooperates with various non-governmental organizations, international and governmental organizations and receives many tourists and businessmen.
The hotel received the delegation of the Pope and Patriarch of the United States and Canada during their official visit to Georgia. Ambassadors from Sweden, India and Israel have stayed at our hotel several times. The internationally renowned pop group Modjo and legendary rock ensemble Ureah Heep also enjoyed the luxury and hospitality of the hotel.