Many people in Tbilisi do not have computers. Within the framework of UrbanCPRme, a team from the New Map of Tbilisi posted information about the project on the walls outside the building site, giving some necessary background to the glossy real estate images.
HYATT
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The United States pledged $1 billion in aid to “help Georgia sustain itself” after the August war with Russia Condoleezza Rice said. With several Georgian towns badly damaged by Russian bombing and 20,000 refugees from South Ossetia still unable to return home...
US AID why was $176 million of the aid money earmarked for loans to businesses—including $30 million to a real estate developer for a luxury hotel: the 127,000-square-meter Park Hyatt in downtown Tbilisi, an area that was not at all damaged in the war? publications.world5 - Hyatt - Loesje pages.indd 28
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1,500 5 stars hotel rooms under construction, of which third will be sponsored by US post war aid money 1518 new hotel rooms 870 existing hotel rooms
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Plot size 3.8 hectares sqm land Architect: BBG-BBGM ; Landscape architects: Lovejoy Developer: “Loyal Estate LLC” the Georgian subsidiary of the Dutch “Loyal Capital Group” Constructor: MCC 20 New Program: Two 150 meter high buildings, a fivestar hotel and office tower connected with the podium and fabulous park with fur and maple trees Development cost $250,000,000 5 - Hyatt - Loesje pages.indd 30
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After the armed conflict with Russia in august 2008, $176 million of the US aid money was earmarked for loans to businesses—including $30 million to the Park Hyatt
Park Hyatt
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