Another investment business opportunity supported by the Georgian government is SPA hotel at Lisi Lake, Tbilisi which is considered in Georgia real estate and hospitality sector. As we said in the previous articles, the Georgian government has a strong investment offer for investors, it has a liberal and free-market-oriented economic policy, access to a 2.3 billion consumer market through its solid FTA network including both EU and China, educated, skilled, and competitively priced workforce, 6 types of low and flat taxes, significantly decreased the number of licenses and permissions, well developed, integrated and multimodal transport infrastructure.
SPA Hotel at Lisi Lake
Lisi lake is a small lake in the vicinity of Tbilisi. The landscape is rocky and arid with shrub vegetation and plots of steppe. The lake and surrounding area provide a habitat for variety of different species of exotic birds and there are so many different types of caffe and restaurants around the area.
A 70-key hotel and SPA complex is being developed on the Western shore of Lisi Lake. A popular spot in Tbilisi, Lisi Lake is widely associated with recreation and healthy living. The SPA hotel will build and expand upon this repute, offering its guests the first-ever in Tbilisi a full-service SPA, serving both midmarket and luxury base and an open-air sulfur pool. The complex will include underground parking, banqueting and conferencing spaces, a restaurant, and a lounge bar. The structure for the hotel is already constructed and mimics the design of cultural heritage sites in Imereti – Dadiani Palace. The completion and launch of the entire complex is scheduled for 2021.
The total investment in the project adds up to $6.5M.
Project NPV: $11.4M
Payback Period: 8 years