INS Group opened a new 4-star hotel "Monarch" with an investment of GEL 12 million in Btumi. The 60-room hotel operating on Melashvili Street is hosting local and foreign vacationers for 1 month, although its official opening ceremony was held yesterday. The hotel combines a restaurant for 60 people and a conference space for 70 people.
As the founder of the company, Gia Lominadze, told BM.GE, the occupancy rate of the hotel is high and foreign visitors predominate among the guests.
"We have been receiving guests for a month and mostly Israeli and Saudi citizens visit us. Bookings are gradually coming in from European countries, Turkey and Russia. Visitors stay for 1 week considering the active summer season.
In a standard room for 2 people, the cost of accommodation with breakfast is USD 90-100 in July, and from August it will be USD 110", - noted Gia Lominadze.
According to him, the hotel is fully opened with private investment and employs 30 people.
