Business
Posted: 4 years ago

Invest Group to Launch Large-Scale Project for Rehabilitating the Ananovs’ Palace

LLC Invest Group has introduced the project for rehabilitating the Ananovs’ Palace.

The project calls for maintaining the historical appearance of the Palace, arranging a 6-suite hotel in the building and a tourism center on the neighboring territory, space for exhibition/tasting of strong drinks, sports playground and other tourism infrastructure.
 
The investment potential of the Ananovs’ Palace was explored by Cushman & Wakefield Georgia. Based on the research results, a development concept was prepared to arrange a new tourism zone of different style on the mentioned territory.
 
The project is of crucial importance for Imereti Region development. Over the past decades, the territory was unemployed and unused. Therefore, we have engaged in the development process with much enthusiasm.
 
It is very important that the Ananovs’ Palace will maintain its historical appearance. Job places will be created and local residents will be employed as part of the project, the project director and partner of Cushman & Wakefield Georgia Giorgi Japaridze noted.
 
LLC Invest Group director David Kobakhidze pointed out the Fifty Properties for Your Hotel project of the Ministry of Economy will foster a quick development of Georgia tourism market and enable interested investors to revitalize the abandoned buildings, add new life to them, employ people, attract new tourists and direct investments for strengthening Georgian economy.
 
“In order to arrange a new tourism center, hotel and other infrastructure, much more money will be spent than 4 million GEL as determined under the obligation. Under the existing plan, about 30 persons will be employed on the hotel territory and adjacent territory. As to other infrastructural projects on the mentioned territory, negotiations are underway with several international branded hotels and if our interest coincides, we do not rule out to launch a new project with one of the international brands. I am very proud of today’s project. The group of architects and designers has fulfilled huge job in such a short time. I think the results are very impressive for everybody!’
 
The project for arranging the Ananovs’ Palace hotel and adjacent landscapes has been prepared by the team of architects and designers of MUA – Multiverse Architecture.
 
“It was serious challenge for us to work on reconstruction of such a historical building with similar history, even more to maintain its historical appearance and cultural identity. I believe the project will be very successful and we are happy to have made our contribution”, the project author Devi Kituashvili noted.
The reconstruction works of the Ananovs’ Palace will start in spring 2020.