The market price of 15 sanatoriums located in Tskaltubo, which Bidzina Ivanishvili is set to buy, is estimated at GEL 47.5 million, - Natia Turnava, Minister of Economy and Sustainable Development, said after the public discussion of the Tskaltubo development project.
According to the Minister, as of 2019 the market price of 15 hotels is GEL 47.5 million, but the real price the sanatoriums will be sold will be revealed via the open auction.
"We will offer the property to the business at the market price. Market price is based on the 2019 evaluation, though the real price will be decided at open auction. The market value of the 15 state-owned hotels is estimated at GEL 47.5 million," Turnava said.
When asked whether the property could be sold for GEL 1, the Minister said: "This is impossible."
Turnava said that the Tskaltubo project should be seen as synergy and not competition.
Bidzina Ivanishvili, Chairman of the Georgian Dream, plans to buy 22 hotels in Tskaltubo, both state-owned and private. Of 22 hotels located in Tskaltubo, 15 are owned by the Ministry of Economy.