Signature of the ACCOR Group with Petra Sea Resort: An Ambitious New Project in Georgia

Introduction

In December 2023, Petra Sea Resort LLC and international hotel group Accor signed a strategic agreement to develop a luxury resort in Tsikhisdziri, Georgia. This ambitious project includes more than 250 apartments under the Pullman Living brand as well as more than 300 Pullman residences, marking the first Pullman brand project on the Georgian Black Sea coast.

An Exceptional Hotel Complex

The Petra Sea Resort will be designed according to the demanding standards and design concept of the Pullman Living and Pullman Residences brands. It will offer a complete infrastructure including restaurants, bars, lounge areas, a spa, a fitness center, indoor and outdoor swimming pools, as well as a private beach.

An Ideal Location on the Georgian Coast

Located just 15 km from Batumi, the Petra Sea Resort will extend over 20 hectares on the seafront. It will be the only residential complex of this scale in Georgia, integrating hotels and residences of international brands, more than 30 residential buildings, an extensive leisure infrastructure, a private beach and even a marina.

The Issues for Adjara and Georgia

The partnership between Petra Sea Resort LLC and Accor aims not only to strengthen the tourism offer in the Adjara region, but also to attract a growing number of international visitors to Georgia. This project will help boost the local economy while offering investors a unique opportunity in a growing market.

Investment Opportunities

For investors, this project represents a rare opportunity to participate in a high-end real estate development with the support of a globally recognized hotel brand. The proposed apart-hotel model offers an attractive potential return, in particular thanks to the growing tourist influx in the region.

Conclusion

The signing of this agreement between Accor and Petra Sea Resort LLC is excellent news for the Georgian real estate market and for everyone who wants to invest in a promising project on the Black Sea coast. With its modern infrastructure, its strategic location and the support of a prestigious brand, Petra Sea Resort promises to be a key player in tourism development in Georgia.