‘50 Real Estates for Your Hotel’:
New hotel for Georgia’s Racha region

A new boutique hotel is coming to Utsera village in Georgia’s western Racha region to provide beds for growing numbers of tourists and guests.

The new hotel is being built within the state program ‘50 Real Estates for Your Hotel’.

The real estate in Utsera village was sold to an investor via an online auction announced by the Ministry of Economy's National Agency of State Property, where the buyer must transform an old building into a 12-room hotel.

The building was included in a list of 50 properties due to be turned into a hotel within the ‘50 Real Estates for Your Hotel’ state program, which launched in September 2016.

By purchasing the property and agreeing to the deal, the investor must invest 450,000 GEL (about $175,798/€165,239*) to build a 12-room hotel in Utsera village.

This was the third property sold at state auction within the '50 Real Estates for Your Hotel' project, which envisaged investors giving new life to already existing infrastructure and transform old, abandoned properties into modern hotels.

One of the properties that was recently sold via e-auction was a circular building in Georgia's capital that was formerly used as a Governmental parking space. The Tbilisi building will be transformed into a 120-room hotel.

Another property recently sold was the iconic 100-year-old Georgian Post Office building in central Tbilisi, which will be turned into a 30-room hotel. 

Since the '50 Real Estates for Your Hotel' program launched two months ago, state property worth almost 10.4 million GEL (about $4,059,000/€3,815,200*)has been sold. 

In total more than 15 million GEL (about $6 million/€5.5 million*) will be invested to develop new hotel infrastructure in Georgia through the program.

The National Agency of State Property chose 50 state-owned assets according to their tourism potential that would be sold and transformed into hotels within the new state program.