New Old Abanotubani – Another Israeli Investment In Hospitality

New Old Abanotubani – Another Israeli Investment In Hospitality
14 December 2017

New Old Abanotubani – Another Israeli Investment In Hospitality

The Israel-Georgia Chamber of Business and “Israel House” organized a visit to Tbilisi for a delegation from Israel, including members of the Knesset and Israel-Georgia Parliamentary friendship group, representatives of business circles, analysts and leading Israeli journalists.

The visit aims to popularize and encourage Georgian-Israeli bilateral connections.

A number of delegation members will attend the opening of a construction of a 63-room modern hotel being built through Israeli investment, in Tbilisi, on Mirza Shapi Street. The Mayor of Tbilisi Kakhi Kaladze and the head National Tourism Administration of Georgia will participate in opening ceremony.

The hotel is to include an art gallery and cafes, and the main beauty of the hotel will be the façade, which is designed in the style of Georgian ornamental carpet.

The net worth of said construction project is $12 million and through it Tbilisi will have a high-class hotel in a historical district.

This is the largest project of recent years by Israel-Georgia Chamber of Business. The special emphasis on Georgia’s investment potential have been made during the visit of Irakli Kobakhidze, Chairman of the Parliament of Georgia, to Israel, which took place in October.

“Israeli House” Founder and Chairman, Itsik Moshe, says that Israel businessmen are becoming more and more interested in Georgia, aided through the help of is business-friendly environment and high number of tourists visiting from Israel.

The Israel-Georgia Chamber of Business is focused on broadening Georgia-Israel economical connections. “We are working to attract more people from Israel. The project on Mirza Shapi Street is also part of this plan. I hope the [Georgian] government will do more, so that already successful existent projects will become an example for other businesses,” Moshe said.