Owned by: Maqro Construction | Year of purchase: 2016
Bought for: $5.6 million | Total invested: $28 million

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The three-star Ibis Hotel Tbilisi Center is a minute’s walk from Freedom Square and the city’s Old Town. The hotel offers guests a direct view of the “glass palace,” a striking building erected by Georgian billionaire and former Prime Minister Bidzina Ivanashvili.

The colorful Ibis features 119 rooms and a terrace, and opened in 2017. It is operated by a Maqro subsidiary, Maqro Tourism.

Image: Aidan Iusubova/OCCRP