Tourism Development Fund

Georgia is creating new attractions and new reasons for visitors. They are offering international travelers better tourist infrastructure. Right now you can’t stay in the hotels named in this article. All these modern resorts will open their doors and welcome guests in a few years.

A special fund was created to support development of Georgia’s tourism and hospitality sectors. This will bring life to eight large-scale hotel projects worth $680 million USD.

“We need developed tourist infrastructure not only in Tbilisi. Also in the regions where tourism is so vital but it hasn’t been a priority. Georgia has great potential … and we must do our best to make Georgia a unique, attractive and exciting country on the world tourist map,” said Georgia’s Prime Minister Giorgi Kvirikashvili at the presentation of the Tourism Development Fund.

Tourism Development Fund will focus on these specific hotel projects. While the Georgian National Tourism Administration (GNTA), will be responsible for wider sustainable tourism development in Georgia. The new Tourism Development Fund was created by Georgia’s Co-Investment Fund. It is a private equity fund of $6 billion that channels capital into needed sectors.

The eight major hotel projects were planned for Georgia’s capital Tbilisi, as well as Black Sea Guria, Adjara and Samegrelo regions:

One of the largest projects was Hotel Freedom Square in capital Tbilisi.  Hotel Sololaki Hills will be connected to another investment project, via a cable car rope-way. A second cable car will take people from Sololaki Hills to Tabori Mountain (Tabori project). First hotel at Erekle II Square; Shekvetili Hotel and Spa Resort; Ganmukhuri hotel; Wellness and Spa Resort at Green Cape is a list of the hotels, which are included under this great project.

Additional information about the eight major hotels projects, you can see on the following link: via @agenda_ge