“Adjara Group” plans to rehabilitate the historical sanatorium “Arazindo” in Abastumani. A financial agreement document between Adjara Group and the U.S. International Development Finance Corporation was signed today.

“Today we are celebrating another milestone in the Georgia-U.S. economic partnership with the investment by the United States Development Finance Corporation of 8.6 million dollars to help build the new Adjara Abastumani Rooms hotel. This is a very exciting project in the Samtskhe Javakheti region. We expect that this project, which is an eco-friendly hotel, will generate almost 300 good jobs in the region, attract about $3.5 million in additional investments and generate close to $2.5 million in annual sales and revenue. That is a big stimulus for the Samtskhe Javakheti region.

I was just in Samtskhe Javakheti last week. It is a beautiful part of Georgia and there are a lot of really entrepreneurial businesspeople, who will have a chance to see their businesses grow and who will see more good jobs coming out to the region as a result of projects like this. The United States for 30 years has been investing in the economic development of Georgia through the Development Finance Corporation and others. DFC has invested over $800 million in Georgian projects, but many of them have been here in Tbilisi.

This Abastumani Rooms hotel will be one of the first out in the region, and we’re very excited about that. It’s also a project that has involved USAID contributions, so it’s a great example, not only of Georgia-U.S. partnership, but of DFC, USAID, and the US Embassy working together to support Georgia’s economic development. I look forward to staying in this new hotel in 2024 when it opens up, and we will continue to work with Georgia to create new jobs and stimulate the economy”, - said Kelly Degnan, the US Ambassador to Georgia.