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Georgia Develops Middle Market Sector: Park Inn By Radisson Planned to Open

Partnership Fund together with local investment company “Block Invest” is working on opening three star hotel, Park Inn By Radisson.

According to Partnership fund, they will build a 200-room hotel with cafe-restaurant, conference halls meeting rooms and etc.

Director of investment department of Partnership Fund Giorgi Cherkezishvili says that Georgia is in the need of three star hotels and Fund plans to supplement the deficit.

Construction of the hotel is due to start in 2016.  The volume of investment is 25 million US dollars . “Block Invest ‘ is an investment company, which actively operates in the real estate market.