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Commercial property for sale: 9,617 m² in Kutaisi, Joseb Grishashvili St – $4,200,000

$‍‍4,200,000
$‍437 per m2
$
Hotel
property type
property type
9 617 m2
total area
area
8 floor
out of 8
out of 8
Listed
Listed
10 March 2026
Updated
Updated
10 March 2026

Description from the seller

Hotel Project for Sale in the Center of Kutaisi A very attractive hotel development project is offered for sale in the very center of Kutaisi, next to the White Bridge — one of the most tourist-active locations in the city. The monolithic construction work has already been completed, internal partitions have been installed, and the premises layout has been finalized. Main project parameters: • Land plot area: 2,636 sq. m • Total building area (GBA): 9,617 sq. m • 8 floors • 124 hotel rooms • 2 restaurants with panoramic views of the city It is important to note that the project has already attracted the attention of international hotel brands such as Radisson Hotel Group and Holiday Inn. Representatives of these brands showed strong interest in the project, and if desired, the new owner will be able to continue negotiations and potentially sign an agreement with one of them.
Speaks: ქართული, русский, english

Building location

Kutaisi
, Joseb Grishashvili St

Contact seller

Lana
Lana
Agent
Agent

Mortgage for buying real estate

Please note that all calculations provided are approximate. For the final figures, we recommend consulting with both the bank and the seller
GEL
USD
You borrow $‍3,570,000 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
313 528
monthly payment, a life/property insurance fee is added to the monthly
payment
The provided Nominal and Effect Interest Rates represent the minimum credit facility amount. The actual values will be specified at the time of credit approval. The interest rate given in the table is linked to the public index — Term SOFR.
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