G&G Group plans to build two hotels in Tbilisi. The company founder Bezhan Tsakadze told Commersant radio station that the company will receive due permits from Tbilisi City Hall in late February and the company will launch construction works.
Medium-class hotel will be constructed on Saburtalo, while top-class hotel will be built on Mtatsminda. A domestic company will manage both hotels. As to investment value, about 7-8 million USD will be put in both projects and both hotels will be unveiled in 2 years after inauguration of construction works, the businessman said.
The company conducted research work in 2015 and found out that Tbilisi-based hotels lacked for 10 000 suites, while today the inflow of tourists is growing.
In the future the company plans to arrange a hotel in regions too and build 20-25 suite hotel in Vani.