Investment attractiveness of the Petra Sea Resort project in Georgia
Georgia is one of the most attractive destinations on the Black Sea. And the country is interesting not only for holidaymakers but also for investors. There is good news for the latter – a new hotel complex, Petra Sea Resort, will soon open here. The developer promises a 150% return on investment.
The country is an attractive investment destination. First of all, in the field of tourism. In addition to international developers and management companies, the government has a stable economic development. For example, GDP grew by 10% in 2022 and by more than 7% in 2023, despite global and regional challenges. The state also shows a promising outlook for 2024, encouraging investment in local facilities. A good option is Petra Sea Resort, which combines several advantages:
– favourable location on the first line;
– developed infrastructure;
– availability of branded properties;
– management by a reputable company.
This complex is of regional importance to the country, and its construction has been the subject of government support.
Location of the hotel
The complex will be one of the largest in Adjara. The volume of investment in its construction is 236 million dollars. Thanks to Petra, hundreds of local people will get new jobs. Moreover, the complex is designed for the comfortable stay of thousands of guests from the region.
Petra Sea Resort is in the village of Tsikhisdziri, 15 km from the famous tourist centre of Batumi. Not far from the town, there is the local patriarch’s residence and the remains of Peter’s Fortress.
According to the country’s guests, this place is picturesque, the best in Adjara. It perfectly combines mountains, clean beaches, banana groves and eucalyptus forests.
Tsikhisdziri has long had a reputation as a place to recover. There are several sanatoriums where you can spend a relaxing and healthy holiday. However, the village is undergoing an active transformation with the advent of the Petra Sea project. From an outdated health resort, it will become a modern resort with developed infrastructure and five-star services.
Features of the Petra Sea Resort
The Petra Sea project comprises 42 properties, including:
– hotels and residences;
– indoor and outdoor swimming pools;
– spa and fitness centres;
– restaurants and cafes;
– casinos.
Holidaymakers can also enjoy walks around the artificial lake and through the many parks and gardens. They will also have access to a private beach and marina.
The complex will cover an area of 20 hectares, of which only 30% will house the facilities. The rest of the area will be available for infrastructure and recreational areas. The developer of Petra Sea Resort promises that it will be the most environmentally friendly resort in Georgia.
A 150-room hotel will be the central building of the project. There will also be three buildings for residential use.