W Hotels Construction to Start in Tbilisi

Development company RED-Co plans to build a W Hotels brand hotel on Rustaveli Avenue or in the Vera-Vake district, in Tbilisi. At present the company is looking for land for the hotel, the construction of which is planned to start in summer, 2016.

W Hotels is a luxury brand and part of the Starwood Group which requires the project to be multi-storey with united office spaces.

Mirian Katamadze, RED-Co General Director, announced that the company plans to invest USD 100 million in the W Hotels project.

W Hotels & Resorts is a luxury hotel chain owned by Starwood Hotels & Resorts Worldwide which is generally marketed toward a younger crowd than their other upscale properties. As of February 2013, W is operating 46 hotels in 24 countries and is continuing to expand both domestically and internationally.

RED-Co has already introduced this brand, by Le Meridien, which is to be placed in Batumi Tower, Batumi.

Starwood Hotels & Resorts Worldwide, Inc. also manages Sheraton Metechi Palace which is a United States based company. It is a worldwide leader in the hotel management field and owns such brands as Westin, Sheraton, Four Points by Sheraton, The Luxury Collection, W Hotels, St. Regis, Le Méridien, Aloft, a Vision of W Hotels, and Element by Westin.

RED-Co (Real Estate Development Company), founded in May 2012, is a development company specializing in the real estate business.

Ana Akhalaia

01 February 2016 19:38