"Paragraph Tbilisi" Hotel Opened on Freedom Square, a New Jewel in The Luxury Collection
The Georgia Co-Investment Fund has unveiled its latest venture, the "Paragraph Freedom Square, a Luxury Collection Hotel Tbilisi," located on Freedom Square.
Another investment business opportunity is Paragraph Hotel and resort which is considered in Georgia real estate and hospitality sector. The Georgian government has a strong investment offer for investors, it has a liberal and free-market-oriented economic policy, access to a 2.3 billion consumer market through its solid FTA network including both EU and China, educated, skilled, and competitively priced workforce, 6 types of low and flat taxes, significantly decreased the number of licenses and permissions, well developed, integrated and multimodal transport infrastructure.
The "Paragraph Tbilisi" represents a substantial investment of 150 million dollars. Beyond its direct economic contributions, the project is noteworthy for fostering service development and creating hundreds of new jobs in Tbilisi.
The Luxury Collection brand hotel boasts 220 rooms, 5 restaurants, a top-tier spa, and state-of-the-art meeting and conference facilities spread across three floors. The "Paragraph Tbilisi" and "Paragraph Order" collectively employ over 900 individuals. This hotel is set to host high-profile international events and attract a new tier of business and leisure visitors to Georgia.
The project links to a larger initiative on the Sololaki Ridge, connecting the Paragraph Hotel and the Golf Club on Mount Tabor via an eco-friendly cable car system.
The Georgia Co-Investment Fund (GCF) is a private investment fund focused on financing growth projects in various sectors within Georgia.