The opening of "Paragraph Tbilisi" hotel is scheduled for the autumn of this year.
The initial investment cost of the hotel was $101 million , but later it rose to $142 million.
Commersant was told at the Tourism Development Fund that the deadlines of Marriott's luxury hotel "Paragraph Tbilisi" were changed several times due to the current epidemic situation in the world, negatively affecting the hotel industry, especially the hotels in Tbilisi.
Luxury Collection brand hotel "Paragraph Tbilisi Hotel" was scheduled to open on Freedom Square in the fall of 2021 within the frame of Panorama Tbilisi project. According to the latest information, the total investment cost of the project is $142 million.
Paragraph Tbilisi will include 220 rooms within six categories, conference halls, A class office and commercial spaces, spa, fitness center, and swimming pool.
The hotel will be connected to the large-scale project on the Sololaki ridge and the hotel "Paragraph" on Mount Tabori and the golf club by means of an ecologically clean ropeways.
