A large-scale complex will be built in the territory of a former Aragvi casino instead of  Hyatt hotel.
 

Investors abandoned an idea of building  Hyatt  hotel in the wake of the events of 2008. Later, the business center project was considered.
 

The complex specific project does not yet exist. At this point the market is being studied to determine the directions appropriate for the development on the area.

Vice President of  Loyal Capital Group Mindia Gadaev told  "Commersant". In his words, there are some conceptual visions of what should be developed in this area, however, as he says, both construction of a hotel and  residential and business premises is profitable here. The details will be known only after the completion of market research.

As for the financing of the project, Gadaev  notes that after its value becomes clear, they will  start  seeking finances both inside the country and  in  international organizations.
 
Apart from  this complex, Mindia  Gadaev’s company has other plans as well. He brings a new hotel brand which will begin operating in the former building of the Ministry of Justice in Rustaveli Avenue and the details will be announced in February.