Thursday, September 12, 2013

EBRD to fund construction of first Hilton hotel in Georgia

12.09.2013 (Hvino Tour News). EBRD reported that it will allocate loan of $18.7 million for construction of middle-class Hilton Garden Inn in Tbilisi. Concept of the hotel will be developed by Redix Group. 

The project site is located on Chavchavadze Avenue, close to the city center and major corporate demand generators, and would feature 160 rooms, 1900 square meters of retail space and approximately 80 underground parking units.

There are only two international branded hotels in operation in the mid-market segment in Tbilisi and very few in the pipeline. Non-branded mid-market hotels are classified according to the local rating system and the vast majority do not meet international standards. The project will thus improve standards of accommodation and services offered at affordable rates to both leisure and business travelers. 

© HTN (Hvino Tour News)

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