New Business constructions and International Hotel Brands in Georgia

Hyatt Tbilisi is being constructed in Tbilisi and will be finished by December 2009. The proposed hotel development will be part of a mixed-use project comprising office, hotel, conference facilities and spa and leisure components. The project will consist of five separate building structures including a five-star hotel with 183 keys, food and beverage facilities comprising a fine dining restaurant, brasserie, juice bar and a hotel bar, approximately 70 units of serviced apartments to be located within hotel tower building - on the top floors.

Kempinski Hotel Rustaveli Tbilisi is under construction and will open in late 2010. The Kempinski Hotel Rustaveli will be located on the main boulevard of the Georgian capital close to the Opera house. The hotel will have 200 rooms and suites and up to 50 serviced apartments. Guests at the hotel will benefit from 24-hour room service, housekeeping and Concierge services. There will also be a bar and two restaurants. Meeting and conference facilities are planned, with two multi-function rooms for 300 people each. A spa and fitness centre covering 1000 sqm will offer guests an indoor pool and squash courts. A luxury shopping mall will also be part of the complex.

InterContinental Hotel is under construction and is scheduled to open in e arly 2010. It is aimed at both the traveler doing business in the rapidly flourishing Georgian economy and the leisure visitor. Set in an historic building in the city centre, formerly the Ministry of Agriculture, the property will offer the service experience and amenities associated with the InterContinental brand including 155 rooms and suites, 15 serviced apartments, a fully-equipped business centre and a variety of leisure facilities.

Radisson Iveria is being constructed in Tbilisi and will be finished by May 2008. The project implies the full restoration of the hotel constructed in 1960 which was considered as the best hotel in Tbilisi in the past. The 4-star hotel will include 248 hotel apartments, a spa center and recreational facilities. The side building will have large size conference facilities and restaurants as well.