Ramada hotels projects, Georgia
Name of the Project
Ramada hotels projects.
Location
The projects will be located in Tbilisi and in Kutaisi, Georgia.
Client
The projects will be implemented through M2 Real Estate.
The hotels will be designed and built under franchise agreement with Wyndham Hotel Group, and operated under a management agreement with Sophos Hotels.
Project Description
The proposed investment will comprise construction of a three-star, 125-room hotel and 18 residential housing units in Tbilisi; and a three-star, 100-room hotel in Kutaisi, under the Ramada Encore brand.
The hotel project is in its advanced design stage.
Jobs to be Created
Not stated.
Value
The cost of the project is estimated at $26-million.
Duration
Construction was expected to start at the beginning of February and is expected to be completed at the end of October 2018.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
M2 Real Estate, tel +99532 2444 113.
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