Marriott's luxury hotel Paragraph Tbilisi is planned to open in 2022, - according to the Georgian Tourism Development Fund.
Georgian Tourism Development Fund explains the reasons for the delay and says that the expected date of its opening is this summer.
With the change of the opening dates of the luxury hotel, the investment value of the project has also changed. If the hotel project was planned to be completed with an investment of USD 101 million by 2020, today this amount totals to USD 120 million.
“Renovation works are at the final stage at the hotel. As of January 2022, the total investment of the project is USD 120 million.
The project completion and opening dates changed due to the world epidemic. As you know, last 2 years were full of difficulties for the business, hotel occupancy rates were down in Tbilisi. It is also important that the epidemic situation in the world has affected the way we work with foreign contractors, as the delivery time of materials significantly increased, which had a negative impact on the timing of repairs and landscaping work," explained the Tourism Development Fund.
Luxury Collection brand hotel "Paragraph Tbilisi Hotel" was scheduled to open on Freedom Square in the fall of 2020 within the frame of Panorama Tbilisi project. The project includes 3 facilities, hotels: on Sololaki Plateau, Freedom Squre and Erekle II Square, which should be connected by a ropeway.
