According to CEO at "Block Group" Tornike Janashvili, the investors’ interest in the project is very high.

Central Park Towers is a hotel hub of 1,500 rooms in 25 five-star hotels , an agreement has been signed with Radisson Blu, which will operate a 150-room hotel. As for the rest spaces, investors have a keen interest in the investment product, 60% of spaces have already been sold.

Interest is high both from Georgian citizens residing abroad and investors from Europe, America and other countries.

We've decided to carry out the project based on the fact that the hotel business in Tbilisi is interesting and profitable as the tourism industty is growing. We have developed a new concept that has no analogues either in our country or in the world. We have created a project that gives an investor an opportunity to purchase spaces starting from 18-room to 200-room hotel with the initial capital costs 2.5 times less than usual. They will get a much more profitable product and an infrastructure that has no analogues in our country. By pouring $1.8 million, an investor will get a profit of $400,000,” Tornike Janashvili notes.

He adds that four most expensive penthouses in Georgia will be built in one of the towers with the price of $20,000 per square meter, one penthouse will cost $8 million. The investment cost of the project is $300 million, the project will be completed by the end of 2024.

The project will include a premium brand mall, the largest casino in Georgia, the largest event venue with a 2,500 capacity, the first Michelin-starred restaurant in the Black Sea region, as well as seven premium restaurants, premium spa and office spaces, the most expensive penthouses in the country and a modern automated parking.

source: commersant.ge