The site is totally amounting to 3,000 sq.m. Property is surrounded by old residential buildings and is adjacent to a former ”Mikhaelovi Hospital”. According to the architectural design will be office building and the residential building. The total building area amounts to 9,319 sq.m.
The subject area represents a historical part of Tbilisi; entertainment, hotel & leisure, residential and public functions are present in the area.
Three midscale and upscale class hotels: Moxy, Radisson and Biltmore are situated in the subject area. Public Service Hall of Tbilisi and Dedaena Park, one of the biggest attractions in the area, are also located in 1 km away from the Subject Property.
Hotel Market - ADR (USD, excl. VAT) 2017-2019
Residential Market - WAP (Weighted Average Price) 2017-2021
Office Market - WAP of leasable areas in B Class Business Centers in Tbilisi 2017-2021