Sheraton Metechi Palace Hotel

The Sheraton Grand Tbilisi Metechi Palace 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.

Sheraton Grand Tbilisi Metechi Palace
General information
TypeHotel
LocationTbilisi, Georgia
Opening1991
OwnerRas Al Khaimah Investment Authority Georgia LLC
Technical details
Floor count12

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 US$68 million. The hotel is underwent a major refurbishment costing over US$40 million from December 2014 to June 2019.[1][2]

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References
  1. Faucon, Benoît; Solomon, Jay; Fassihi, Farnaz (June 20, 2013). "As Sanctions Bite, Iranians Invest Big in Georgia". WSJ. Retrieved 2016-07-18.
  2. Francescone, Pamela McCourt. https://www.luxurytraveladvisor.com/hotels/sheraton-grand-tbilisi-metechi-palace. Retrieved 2020-04-23. Missing or empty |title= (help)


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