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Georgia, Azerbaijan and Germany Expand Cooperation on Real Estate Management

Azerbaijan, Georgia and Germany have discussed the prospects of state property management, the possibility of attracting investment in privatization and exchange of experience in this field. The meeting, held in Tbilisi on July 21, was attended by Chairman of Azerbaijan State Committee on Property Issues Karam Hasanov, Head of Georgia National Agency of …

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Pratap’s Signature Hotel-Resort and Spa Opened in Ganmukhuri

Hotel Pratap’s Signature Hotel-Resort & Spa has opened on July 2 in Anaklia, Ganmukhuri. The resort is made in a cottage style, which is ideal for relaxation. The sun, sea, fun, leisure – Pratap’s Signature Hotel will give you everything. This place makes it possible for all the guests to …

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Colliers International Georgia- Office Market Becomes Tenant Friendly

According to the 2017 Office Market Research published by Real Estate Consulting Company Colliers International Georgia, the increase in the providing of A-class offices on the market has significantly reduced the lease. Significant influence on the change in statistics was the introduction of 12,500 square meters King David Business Center. …

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Tbilisi Takes Fifth Place at Booking.com Service Level Ranking

”According to the results of booking.com last year, Georgian hotels have shown the best result and it is the merit of hotel managers of our country, “said Shalva Alaverdashvili, head of restaurants association at BMG. “I’m proud that Georgia is advanced in hospitality field.  As for Booking.com ratings, Tbilisi is …

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Lisi Development Granted International Credit Rating by Scope

Lisi Development became the first developer company in Georgia, holding an international credit rating. B+ corporate credit rating was awarded by international rating company Scope Ratings GmbH.  “TBC Capital”, a subsidiary of TBC Bank’s licensed brokerage firm, has carried out consultation service of finding rating . Scope Ratings GmbH named …

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Apartment Sold With Bitcoin in Batumi

An apartment was sold for Bitcoin in Batumi. GeoLine company has assisted a Russian citizen to perform the transaction and find a required apartment. The company opened its office in Batumi a month ago. The company’s managing director in Georgia Diana Gudinenko told BM.Ge that the price of an apartment …

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Giorgi Danelia: We are Looking for Projects in Regions

The Partnership Fund – the main partner of the first branded hotels in the Georgian regions, such as Best Western Kutaisi, the Borjomi Likani Hotel (formerly Rixos Borjomi) and Radisson Blu Tsinandali – has been working on new projects across the country. Director of the Investment Department of the Partnership …

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GDG Group to Open Two High Class Hotels in Imereti

GDG Group will open two high-class hotels in Imereti by the end of 2019. Bezhan Tsakadze, founder of GDG Group, told Commersant that hotels will be opened in Kutaisi and Vani. The company has already received the consent from the United Airports of Georgia to build a hotel near Kutaisi …

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The City Hall Received New General Plan of Tbilisi

Tbilisi City Hall received a new general plan of land use. Consequently, the development of the capital until 2030 is determined by the plan made by the City Institute. The term of acceptance of a new general plan has been changed several times since the management of Tbilisi demanded to …

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