The Grove Design Hotel is centrally located in historical district of Tbilisi, at the crossroad to the David Aghmashenebeli Avenue and at the foot of the Queen Tamar Bridge over the river Mtkvari. This part of the city is know as “New Tiflis” district. For its 19th century classical architecture and sole walking streets. These days it’s an ideal place for walking, shopping and eating in town. Address: General Kvinitadze str. 8, Tbilisi, Georgia

Offering Acquisition of well-designed modern boutique hotel. A 4-star boutique hotel with 39 remarkable rooms and 6 different styles.

General Details The hotel complex includes restaurant, gym, lounge, common terrace, and meeting room. The hotel has very modern and original exterior and interior design executed by Laboratory of Architects 3 Studio. It’s built in compliance of every local and international architectural standards. It is 9 nine floor building structure and one underground floor.

Operational Details The hotel is operating since 2017 year. Occupancy rate varies between 50% – 70% Average Daily Rate [ADR] varies between 60 USD – 80 USD

Building Details

• Land Plot Area – 515 SQM.
• Building Area – 1,966 SQM.
• Average Room Area – 24 SQM. Modern HVAC System; Water Reservoirs and other Engineering Systems.

Proposal Sale of 100% of equity ownership.