NEW RADISSON HOTEL AT TSINANDALI ESTATE AWARDED

New Radisson Hotel at Tsinandali Estate Voted Best Hotel Project of the Year

The new Radisson Collection Tsinandali Estate Hotel was recognized at the 2018 Eastern Europe Real Estate Forum and Project Awards as “Hotel Project of the Year.” The awards were held in Kiev, Ukraine on November 26-27 and featured more than 200 professional real estate developers, bankers, investors, and policy makers from Kazakhstan, Azerbaijan, Georgia, Belarus, Moldova and Ukraine. This was the fourth year the annual forum was held, sponsored and organized by the real estate business association URE Club and EuropaProperty.com.

The project awards featured 34 categories, and winners were chosen by an international, independent panel jury, supported by EY as a methodological partner EY. According to the EEA Awards website, the real estate forum is “Heralded as the market benchmark for real estate success in Eastern Europe and Asia.” The winners receive a trophy in the shape of a gold horseshoe for luck and a special certificate. Winners also gain the exclusive right to use EE Real Estate Awards logo, and photos and video from the event in marketing and promotional materials.

Project awards categories included Hotel Project of the Year, Mixed-Use Project of the Year, Innovative Green Building of the Year, Retail Project of the Year, Residential Project of the Year and Future Project of the Year.

Hotel Project of the Year Radisson Collection Tsinandali Estate was originally set to open in September. They held an opening ceremony in October, but the hotel complex is still not accepting guests – the current plans are to begin operating sometime later this month. The five-star hotel has 141 rooms and features a library, outdoor and indoor restaurants, a spa, a swimming pool and fitness club, an amphitheater, and a concert hall. It also has a winery equipped with the latest technology to produce house wine from restored vineyards.

Georgia’s Silk Road Group developed the complex. The project, co-financed by TBC Bank, cost $35 million, $10 million of which was contributed by the state-owned Partnership Fund. Silk Road Group Hospitality manages several other major properties in Georgia – Radisson Blu Iveria Tbilisi, Radisson Blu Batumi, Iveria Casino in Tbilisi & Batumi, Republic Event Venues and Andropov’s Ears Rooftop restaurant.

Tsinandali is in Kakheti, Georgia’s easternmost province, known for a relaxed, community-focused lifestyle and as the country’s most fertile wine region. The October opening ceremony was attended by Prime Minister Mamuka Bakhtadze who said, “It is no coincidence that the best traditions of Georgian culture continue here in Tsinandali, near the Chavchavadze Palace, where cultural life brimmed with activity as early as the 19th century. In addition, classical Georgian viniculture originated here on the Tsinandali Estate and here our winemaking traditions spanning 8,000 years continue today, with European viniculture also taking roots.”

The Chavchavadze Palace, dating to 1830, is the former estate of Georgian poet Alexander Chavchavadze. Now a house-museum where visitors can see objects related to Chavchavadze’s life and work, the aristocratic culture of Georgia under Russian Imperial rule. There are also large, decorative gardens that cover 18 hectares of land. One of the first wine cellars in Georgia wine cellar was built on the property in 1835.

By Samantha Guthrie

Photo: gov.ge