A boutique hotel "Silver 39" owned by "Archi Group" in Old Tbilisi will be opened in September next year. "Commersant" was told by the company’s CEO Ilya Tsulaia.

According to him, the hotel is being built on Silver Street. The frame has been built and the work will be completed in the near future. The boutique hotel will consist of  21 rooms. The company has invested $ 40 thousand in the project.

"Archi Group" also plans to build a four-star hotel in the capital. In Tsulaia’s words, they are having talks with the international brand, the process will be completed in the coming months and a new 150-room hotel will be opened in Tbilisi.

As for the investment cost of the project, Tsulaia says  that “Archi Group" will  spend $ 15 million on the high-class hotel.

"Archi Group" was founded in 2006. Initially the company was engaged in investment and advisory activities, in  2008 it entered the development market.

The company owns a chain of hotels "Sunset": "Sunset Kvariati" - a kind of elite apartments in Kvariati and “Sunset Shovi” - the first four-star hotel in the  resort of Racha - Shovi.

Source:commersant.ge