InterContinental to Build Hotel in Tbilisi

InterContinental Hotels Group is planning to build ?the best five-star hotel in the region? in downtown Tbilisi within the next two years, President Saakashvili said at a presentation of the project on November 9.

InterContinental-Tbilisi will be built where the Ministry of Agriculture is currently located on Kostava street.

InterContinental plans to invest USD 50 million in construction of 155-room hotel. Construction is expected to launch in March, 2007.

?Several months ago I attended a signing ceremony here for the launch of the construction of a Hyatt five-star hotel in Tbilisi. Hyatt has come before InterContinental in this respect, but I offer you [InterContinental] to outstrip Hyatt in finishing the construction process,? Saakashvili said.

InterContinental Hotels Group PLC of the United Kingdom is the world’s largest hotel group according to number of rooms.

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