Rooms Hotel Abastumani

Rooms Hotel Abastumani

Georgia Georgia

Status: Ongoing

Investment Size $ 8 million
Category Hospitality
SOURCE OF FINANCING: IFI

Project Scope:
66-room Hotel in Abastumani, Georgia

  • Renovation
  • Operation

Works undertaken by WFC:

  • Preparing all application documentation as requested by IFI
  • Preparing financial projection models, business plans and all other project related documentation
  • Consulting the Company on appropriate financial and legal structuring of the Project
  • Organizing and facilitating financial and legal due diligence processes 
  • Facilitating term-sheet and loan agreement negotiations
  • Coordinating all other issues related to project development and fund raising

Financial Summary:

  • Total Project Size – $ 13.5 million
  • 66 Hotel Rooms
  • Loan Attracted – $ 8 million
  • Equity Invested – $ 5.5 million
  • Expected IRR – 16.5%

Development Impact

  • Improvement of physical infrastructure through the refurbishment of an existing building
  • Development of an EDGE certified new building
  • Creation of additional permanent jobs 
  • Support of local farmers through purchase of F&B 
  • The project will qualify for a 2X Criteria: Share of women in the workforce will comprise at least 40%