A 5-star Radisson hotel will be built  in Gudauri by  a real estate development company "Red-co".

The company’s lawyer Malkhaz Kunelauri  states  to "Commersant" that the company replaces the state, particularly the City Hall, in the project. He says that during the previous government, the City Hall and Gudauri Development Fund planned to jointly carry out the project, they built a  5-storey building, however, after  the City Hall came out of  the Foundation, the project was suspended.

Kunelauri explains that the building belongs to the City Hall. In his words, about a month ago "Red-co"  purchased this property for $ 5 million at the auction , including  4 000 square meters of land and the buildings on it.

"Radisson" brand will enter into the hotel management. Kunelauri says the negotiations are currently underway with the brand.

The project completion is scheduled within  1 year.

"Red-co" is involved in major projects carried out throughout Georgia.

 "Radisson" hotels have been operating in Tbilisi and Batumi Tsinandali. Another hotel of this brand is scheduled to open in Tbilisi.

Source:commersant.ge