Hotel Industry Incentive

Entrepreneurs operating in the regions of Georgia can benefit from the new component of the State Program “Produce in Georgia” – Hotel Industry Incentive. According to the Government decision and based on the market demand the scheme was introduced to promote hospitality business across country, attract increasing number of tourists, create jobs and develop each region of Georgia.

The scheme promotes entrance of international hotel brands via franchise or management contracts by co-financing royalty fees.

*From January, 2017 only loans issued in national currency are eligible for the program

Enterprise Georgia provides financial and technical assistance in the following manner:

INTEREST RATE CO-FINANCING
Hotel Development/Expansion
  • 10% Interest Rate Co-financing for the first 2 years – loans in GEL
  • Minimum loan volume – GEL 200,000 
  • Maximum loan volume – GEL 2,000,000
  • Partial collateral guarantee for the first 4 years, 50% of the total loan,with upper limit of GEL 500,000 
  • Co-financing of consulting services

INTEREST RATE AND ROYALTY FEES CO-FINANCING
Development of International Brand Hotels
  • Co-financing of Franchise/Management agreements for the first 2 years (up to GEL 300,000 annually)
  • 10% Interest Rate Co-financing for the first 2 years – loans in GEL
  • Minimum loan volume – GEL 200,000 
  • Maximum loan volume – GEL 2,000,000
  • Partial collateral guarantee for the first 4 years, 50% of the total loan, with upper limit of GEL 2,500,000 
  • Co-financing of consulting services

ROYALTY FEES CO-FINANCING
Development of International Brand Hotels
  • Co-financing of Franchise/Management agreements for the first 2 years (up to GEL 300,000 annually)
  • Co-financing of consulting services

Project is implemented in the all the regions of Georgia, except Batumi and Tbilisi

 

Please note that the administrative borders of Batumi has been altered.
Please download the following document for full information of call our service center: +995 32 2 96 00 10