Radisson Hospitality, part of Radisson Hotel Group, has signed a deal to open the second Radisson Red in Georgia. The 100-guestroom Radisson Red Tbilisi Old Town, Georgia, is set to open in late 2020 as an adaptive reuse of the city’s Old Post Office.
"We are happy to collaborate with Radisson Hotel Group, the leading international hotel group in the region, on this project, which will fuse a well-known historical building in old Tbilisi with the new and exciting Red brand,” said a representative of the hotel's owner, Valeri Mighdiseli, in a statement. The Radisson Red Old Town, Tbilisi will be located on a pedestrian street notable for its cafes and bars, and will be operated by Radisson Hospitality AB under an international management agreement.
Elie Younes, EVP and CDO of Radisson Hotel Group, said that the chance to turn the historic post office into a hotel was a real estate opportunity that the company “just couldn’t” pass up. “This signing demonstrates our continued commitment to development in the Georgian market. We now have two hotels in operation, a third—the Radisson Collection Hotel, Tsinandali Estate Georgia–due to open later this year, and five more in development including this new Radisson Red property.”
When it opens, the select-service hotel will have an indoor bar and restaurant as well as a bar and restaurant in the inner courtyard. It also will have a fitness center and meeting space.
During the past decade, Georgia’s economy has grown substantially, and tourism is one of the fastest-growing sectors in the Georgian economy.