Holiday Lettings news - Hotel investment signals Georgia's tourism revival

Hotel investment signals Georgia's tourism revival

A major international hotel group's investment in the Georgian capital of Tbilisi could be the first sign that the former Soviet republic is on its way to becoming a real tourist destination.

InterContinental Hotels Group has announced that it is to build a 155-room hotel in Tbilisi – which will also feature 15 serviced apartments – due for opening in 2010.

Jennifer Fox, chief operations officer of InterContinental Hotels and Resorts Europe, said: "The signing of the InterContinental Tbilisi, the eighth addition to our European portfolio this year, reinforces our brand's passion for growth as well as our commitment to Europe."

Well-known as a holiday destination to the wealthier comrades of the USSR and their successors in Russia, Georgia is situated in the Caucasian mountains, where skiing is popular. It also sits on the eastern coast of the Black Sea, and has beach resorts.

Georgian hospitality is legendary, its wines are world-famous and its architecture is unique, as befits one of the oldest Christian countries in the world.

Political unrest in certain parts of the country – including the capital itself last week – make Georgia today a destination only for the adventurous, but big investments from big western companies are the surest sign of a new hotspot under development.

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