Latvian Investment Group "Granat Investment"  has bought the hotel project  carried out by the “Georgian Property " company in the former building of Ministry of Agriculture .

 

"Commersant" has learnt that the opening of  "Hilton" hotel is being considered. A render   photo of the hotel   project was  already posted in the social network but details were not disclosed.

Earlier this year it was reported that  the Latvian Investment Group "Granat  Investment" had  bought the hotel project from the Georgian Property company. According to the  obligations taken by the company  towards the state,  a 5-star hotel is to be opened in the building. "Granat Investment " refrains  from specifying  the hotel brand at the stage . Under the agreement, the  hotel is to be opened in 4 years. A total of $  20 million will be invested  in a 120 –room hotel.

Source:commersant.ge