14 room Hotel For Sale. Lilo

The hotel "Old Side Corner" is for sale, which is located in the historical center of Tbilisi, near Erekle Square, although the building is in the historical part of the city, it was recently built. The area of the building is 570 m². The hotel has a kitchen area and a dining room that can accommodate 35 tourists at the same time. The hotel also has a cellar/wine shop, where both hotel guests and visitors from the street come to taste and buy Georgian wine. The hotel has 14 rooms and its annual load is 80% of income (including wine), which is $18/19,000 per month. The area of the land on which the hotel is located is 400 square meters, according to the decision of the Tbilisi City Hall, the coefficient on this plot of land is 1.5, which makes it possible to build a hotel with 2527 rooms and a restaurant with an area of up to 300 square meters with its own entrance, the price is $ 2,300,000.