Sheraton Metechi Palace Hotel

Sheraton Metechi Palace Hotel
General information
Type Hotel
Location Tbilisi, Georgia
Opening 1991
Owner Ras Al Khaimah Investment Authority Georgia LLC
Technical details
Floor count 12

The Sheraton Metechi Palace Hotel is a five-star hotel in Tbilisi, the capital of Georgia. It is located in a central area overlooking the old part of the city and run by Starwood Hotels and Resorts Worldwide. The hotel was built in 1989 and opened in 1991.

History

The hotel was among a few joint ventures with Western companies during the Communist period. In August 2007, the UAE-based Ras Al Khaimah Investment Authority bought the hotel through its subsidiary RAKIA Georgia LLC for 68 million USD. The hotel is undergoing a major refurbishment (USD 40 Mio) since December 2014.[1]

References

  1. ↑ Faucon, Benoît; Solomon, Jay; Fassihi, Farnaz (June 20, 2013). "As Sanctions Bite, Iranians Invest Big in Georgia". WSJ. Retrieved 2016-07-18.


This article is issued from Wikipedia - version of the 7/18/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.