"Radisson Telegraph" Hotel to be Opened in Tbilisi

"Commersant" has learned that "Silk Road Group" decided not to build  "Park Inn" hotel in the former building of the Georgian Post . According to the company’s representative, " Radisson Telegraph " hotel will be located on Rustaveli 31 and it can be considered  as  "Radisson" brand’s expansion.  According to him, the change in the  project caused changes in  interior and  design due to  higher requirements "Radisson" has.

 "Silk Road" claims that at today's market the demand for "Radisson" hotels exists, in addition, shareholders considered it inappropriate to open the hotel of  the lower segment on Rustaveli Avenue. They also say that, by the end of the year work on design will be completed, the tender will be announced and in January- February of the next year active construction will be launched. The investment volume of the project has increased, but the company is negotiating regarding funding at this stage.

 "Silk Road Business Center" signed an agreement with the  Rezidor Hotel Group regarding a 3-star hotel construction in the former building of the Georgian Post in 2013. The project cost was  $ 22 million, the amount was attracted  through "VTB Bank". Park Inn hotel  was planned to open in the third quarter of 2015.

Source: commersant.ge