Radisson Hotel Group has signed the first Radisson-brand hotel in Georgia.The 200-room Radisson Tbilisi City Centre, owned by Block Invest, is set to open in the capital city in 2021.
Radisson Hotel Group has three properties in operation around Georgia: the Radisson Blu Hotel, Batumi; the Radisson Blu Iveria Hotel, Tibilisi; and the Radisson Collection Hotel, Tsinandali Estate Georgia, which opened in January. The first Radisson Red is slated to open next year in the city’s Old Town district.
"There’s been a huge amount of attraction in Georgia over recent years, certainly from a gaming perspective but also from a business and a leisure perspective as well," said Thomas Emanuel, director at data and analytics company STR, earlier this year. While the city's occupancy declined last year and rates were flat, Emanuel expects the decline was driven by supply, which was up 10 percent in the city from November 2017 to November 2018. At the same time, demand was up nearly 5 percent.
Last year, Marriott opened a Moxy in Tblisi, and in May, Kempinski Hotels signed a management agreement with m2 at Mtatsminda LLC, a wholly owned subsidiary of JSC m2 Real Estate, to open a luxury hotel development in the city. Earlier this year, IHG opened a Holiday Inn in Telavi, a 90-minute drive from the capital.