Closed down by the Soviet government in 1924, the monastery was revived in 1990 and is now operated by the Eparchy of Sachkhere and Chiatura of the Georgian Orthodox Church.

The Katskhi monastery is an octagonal building of more complex design than other similar polygonal Georgian monuments such as Gogiuba, Kiagmis-alty, Oltisi, and Bochorma.

It was built in honor of the Holy Trinity at the behest of the late 10th-century nobleman Rati, of the house of Liparitids (Baguashi), who settled down in Argveti c. 988 after losing his stronghold of Kldekari to the Georgian Bagratids.

The construction was completed around 1010–1014 in the reign of King Bagrat III of Georgia as suggested by a tympanum inscription over the south-western entrance.

It reemerged from obscurity early in the 16th century, when Katskhi was granted by Bagrat III of Imereti to Prince Abulaskhar Amirejibi, who renovated the church and restored it to Christian use as the monastery of the Savior.