Construction of the Hyatt Regency hotel project in the former building of the Ministry of Justice on Rustaveli Avenue will begin in several months.
According to the head of the Rustaveli Property company Mindia Gadaev, the American company Eicom will carry out construction works. The documents are Currently being prepared and will be completed within a few weeks.
In Mindia Gadaev’s words, construction equipment will enter the facility next month that will be the third stage. Historical facade has been strengthened and reconstructed.
Construction of the hotel will be completed in 2.5 years. The project budget is $ 75 million of which $ 39 million is a loan from the International Finance Institute.
Hyatt Regency hotel will be located in the former building of the Ministry of Justice on Rustaveli Avenue. The hotel will have 170 rooms. Rustaveli Property bought the former building of the Ministry of Justice at the auction.