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Silk Road to Invest 120 million USD in Tsinandali and Tbilisi Hotels Projects

Silk Road Group will invest 120 million USD in developing Tsinandali and Tbilisi hotels projects – Radisson BLU Telegraph and Radisson BLU Tsinandali, Silk Road Group head Giorgi Ramishvili said.

Tbilisi-based 5-star hotel will comprise 200 suites and will be practically united with Radisson BLU Iveria hotel, Giorgi Ramishvili said.

“Moreover, we plan  to arrange 1500-seat congress center, a joint complex as a part for development of this square. About 3 weeks ago GRAFT company introduced general plan for developing two hotels and an underground space. It is important that this complex will also comprise a parking space for 540 vehicles, as well as a retail, minus the first floor”, Giorgi Ramishvili noted.

As to Tsinandali hotel, project’s investment value is 30 million USD. The complex will comprise  wine tasting halls, 2 concert halls for 500 and 1000 persons.