Georgia Tourism Development Fund will build a 4-star hotel in the city of Sighnaghi, which will host international and local guests with great views.

The hotel will have spa and fitness centers, outdoor pool, wine bar, wine cellar, high-end restaurant, lounge bar with 360 degree view and large conference hall. The project will be located on the land plot of 50,000 sq.m and the area where construction work is being commenced is 14,000 sq.m. The construction has entered an active phase and will host holidaymakers from 2020. As of today, the investment cost of the project is $ 21 million.

Georgia sees a rapid growth in  tourism flows but to keep the trend the country should develop  infrastructure and this project meets this challenge. This project will help to attract tourists as well as to employ  local residents, create new jobs and encourage popularization of the region of Kakheti as an ancient and unique viticulture and winemaking region.

Tourism Development Fund was established by the Georgian Co-Investment Fund in October 2016. The Fund aims at fostering rapid development of touristic infrastructure in the country as well as administration of the specific programs designed to improve the quality of service provided by hospitality industry.

Georgia Tourism Development Fund is involved in ten projects  whose total investment cost exceeds $ 600 million. The projects are being developed in Tbilisi, Kakheti, Guria, Adjara, Samegrelo and Samtskhe-Javakheti. All ten projects are at different stages of development and for now more than $ 218 million have already been invested. Over 10,000 people will be employed in the construction works in the frames of the  large-scale projects, while the number of permanent employees will be 2,500 after the complexes are put into operation.

Source:commersant.ge