The Partnership Fund (PF) announces a public auction to further develop Borjomi
The Partnership Fund offers potential investors a 10-year lease on hotel assets, along with a purchase right. The minimum purchase price of the hotel is $ 37 565 408. Detailed information is included in the auction terms prepared by the Partnership Fund for potential investors. The auction terms were sent to embassies, international organizations and potential investors interested in the hotel business.
Borjomi Likani hotel owns 156600.00 square meters of land and hotel buildings. The land plot of 234425.00 m2 adjacent to the hotel remains the property of the Partnership Fund. To further develop it, the Fund is ready to consider investment projects if investors show their interest. It is worth mentioning that the hotel area is bordered with the state-owned Romanov Palace and 8- ha historic park, where a large-scale museum complex is set to be arranged as soon as the restoration and rehabilitation process is completed.
The Partnership Fund has owned 100% of the Borjomi Likani hotel since 2018.