Investment of 18 million will be made in hotel construction in Batumi.
The company “House in Alley” began hotel construction process.
This is the first project within the frame of development concept of Heroes’ Alley.
The company will place 105 room hotel, 300 residential apartments, commercial spaces, SPA centers, the restaurants (“Lounge”, a bar, cafe, pub) and entertainment center (cinema) at the area of 1000 square m.
Investment not less than 18 million GEL will be made in the mentioned project.
The project will be put under exploitation by 2019.
To remind, Ministry of Finance and Economy of Adjara has worked out development project of Heroes’ Alley. As of the planning, the land lot of the Alley has been divided into 14 investment plots, which mastering should be made in 3 stages.
As of the concept, the maximum height is 140, while the minimum – 30 m. Hotels, apartments, restaurants, different entertainment facilities and sport halls might be disposed at the area.
Source: Georgian Business Consulting