Business
Posted: 1 year ago

The hotel Four Points by Sheraton to open in Bakuriani in 2022

At the end of 2019, Marriott International and Georgian private companies have signed an agreement to open Four Points by Sheraton Bakuriani in 2022.

The project investor is Capitol Investment Group, and the hotel developer will be the group’s subsidiary company Simetria. The hotel is being managed by Hotel Collection International, which is also a member of Capitol Investment Group.

Located in Bakuriani, 185 kilometers from Tbilisi city center and the city’s international airport, the hotel features 116 stylish rooms, a lobby bar, and a restaurant serving Georgian delicacies. The hotel is perfect for those traveling for pleasure, providing a possibility to enjoy both the wellness center & spa and indoor swimming pool. The Four Points by Sheraton Bakuriani hotel is the perfect gateway to explore Bakuriani’s popular nearby attractions, as well as the captivating sights of the area including Borjomi-Kharagauli National Park surrounding the hotel. Those traveling for business can take advantage of the hotel’s versatile meeting rooms accommodating up to 150 conference guests, and parking facilities.

George Jakhutashvili, CEO of Capitol Investment Group states: “We are pleased to open the first Four Points by Sheraton for the people of Georgia. It has been a dream project for all of us at Capitol Investment Group right from the moment we signed the deal with Marriott International. With a rich culture, historic cities and many unique locations, Georgia is one of the most growing destinations in recent years, with over 9,357,964 international visitors in 2019 alone. Working with one of the world’s biggest hotel franchising companies will enable us to further cement our position on the market and attract more international guests. Hotel Collection International has a strong reputation for high standards in hotel management and is the perfect partner in Georgia. Also, success of the member of our group, Simetria, is based on effective management of investments and implementation of developing projects within the prescribed timeframe and with high quality. This project emphasizes our strong commitment to our team’s mission — “Promote The Growth Of Investments In Georgia”, which in other words means the main pillar for growing Georgian economy by creating jobs and the well-being for Georgian people.

Sebastian Lodder, CEO of Hotel Collection International added: “We are delighted to open the first Four Points by Sheraton in Georgia. Designed for the smart, independent traveler, Four Points by Sheraton Bakuriani offers the timeless style and comfort business and leisure guests are looking for in the heart of the city. Georgia is an important market for us, and we continue to look for opportunities to expand our portfolio and support the country’s robust plans to develop the tourism and travel sector.”

 

Capitol Investment Group brings together specially selected professionals into a unified team for effective management of different business activities. The company helps investors reduce the risks associated with business activities in Georgia through fundamental research into the country’s business environment, significant local relations, and a wealth of experience in different sectors. 

Capitol Investment Group manages projects implemented by various international private investors, however the majority are from Kazakhstan. The investment portfolio includes tourism, real estate development, construction, agriculture, and manufacturing. The total investment value as of December 2019 exceeds 150 million USD. By co-operating with the group, investors team up with a company that is ready to turn its experience into another successful project. It is a reliable partner for successful implementation of attractive projects.

 

Hotel Collection International (HCI) is a pioneer in multi-brand hotel management in Spain and Georgia. HCI is a leader collaborating with leading hotel brands such as Hilton, Marriott, IHG, Wyndham and Best Western through franchise agreements. The company functions on values and a unique philosophy that reflects in all hotels, based on integrity, respect, trust, and excellence. In addition, HCI strives to make a difference in the communities it works in, seeking simplicity and always providing exceptional service to both its guests and its own team. A group of experts in hospitality with a maximum per flag: always offer excellence in management and maximize the return on investments. In this new phase, HCI expands internationally and moves its headquarters to Luxembourg to meet the growing demand for projects in other European countries, while serving its existing portfolio.

 

Real estate development company Simetria is a member of Capitol Investment Group. Simetria has been operating on the Georgian real estate market since 2011.  

Currently, its activities cover a wide range of real estate development, including residential complexes, hotels, businesses, and shopping centers. The company offers a complete range of services that imply the creation and implementation of the project concept and presenting it to customers.

Many years of experience and constantly renewable knowledge enables the company to establish a different niche on the market and present original and interesting offers to the customers. Simetria enjoys the reputation of a credible partner that is based on stability, development, and meeting the expectations.