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Government to Privatize Tsaishi Balneology Resort for Tourism Infrastructure Development

LEPL National Property Agency plans to privatize Tsaishi Balneology Resort. The Business Time has applied to National Property Agency regarding the mentioned information. According to the official letter:

‘We notify you that the real estate with registration codes 43.20.42.454 and 43.20.42.453 in the village of Tsaishi, Zugdidi District is state-owned property.

There is much interest in this asset thanks to its unique location and at this stage the National Property Agency is preparing the asset for privatization for development of tourism infrastructure, growing tourism potential in Tsaishi and creating new job places. Other details will be unveiled in the privatization initiation process”, the National Property Agency representatives said. 

According to spread information, Russia-based businessman Zurab Kvirkvia is interested in the bathes of Tsaishi Balneology Resort. 

Tsaishi Balneology Resort with thermal waters launched operation in 1964. The resort suspended operation in 1985 because of overhaul works.