Archi Unveils Next Phase of USD 770 Million Grand Avenue Development in Tbilisi

Archi unveils the next phase of its USD 770 million Grand Avenue development in Tbilisi, introducing a five-star Hilton hotel, Wyndham Residences and extensive recreational facilities. The 21-hectare project aims to transform a former industrial district into a modern destination for hospitality, residential living, tourism and international investment opportunities.

Archi Advances USD 770 Million Mixed-Use Development in Georgia’s Capital

Georgia’s real estate and hospitality sector is preparing for a major urban transformation as developer Archi moves forward with the next stage of its GEL 2 billion (approximately USD 770 million) Grand Avenue project in Tbilisi.

The development will combine international hotel brands, residential accommodation, commercial facilities and public recreational spaces within a master-planned district covering 21 hectares.

Archi announced the latest phase during a ceremony on 8 October 2026, attended by Georgia’s Prime Minister, government representatives, international development partners, journalists and residents.

The event included a symbolic signing ceremony and the placement of a time capsule, marking the beginning of the project’s next development stage.

The announcement highlights Georgia’s ambitions to strengthen its position as a destination for international hospitality investment, urban tourism and premium residential development.

Hilton Hotel and Wyndham Residences to Expand Tbilisi’s Hospitality Offering

A significant feature of Archi Grand Avenue is the introduction of two internationally recognised hospitality brands.

The development will accommodate a five-star Hilton hotel alongside Wyndham Residences, bringing hotel accommodation and branded residential ownership into the same urban district.

These additions are expected to support Tbilisi’s appeal among international visitors, business travellers, long-stay guests and property investors.

For Georgia’s tourism industry, internationally branded accommodation can help attract visitors seeking familiar hospitality standards while exploring emerging destinations.

Wyndham Hotels & Resorts has welcomed the partnership, highlighting its potential to establish new standards for branded residential developments in Georgia.

The integration of hospitality and residential facilities also reflects the growing international preference for mixed-use destinations where accommodation, dining, leisure and everyday services are available within walking distance.

Fifteen Hectares of Recreational Space to Support Urban Tourism

One of the project’s defining characteristics is its allocation of approximately 15 hectares to recreational and landscaped spaces.

Planned facilities include public parks, cycling routes, children’s recreational areas, a skatepark and an outdoor urban amphitheatre.

Sports and wellness infrastructure will feature a padel centre, football and basketball courts, a 3,200-square-metre gym and spa facilities.

Restaurants, entertainment venues, educational institutions and commercial spaces will complement the residential and hospitality components.

A proposed underground tunnel connecting the development directly with Tsereteli Avenue is intended to improve accessibility.

These facilities could support both residents and visitors while encouraging longer stays and greater activity across the surrounding neighbourhood.

Former Railway Factory to Become a Cultural and Commercial Destination

The redevelopment of Tbilisi’s former railway carriage factory represents another important element of Grand Avenue.

Rather than removing the site’s industrial identity, Archi intends to preserve its architectural heritage while introducing contemporary commercial and leisure functions.

The former manufacturing complex is planned to accommodate restaurants, coworking facilities, retail outlets, technology-focused spaces and entertainment venues.

London-based architectural practice Benoy is leading the factory’s transformation, supported by Alkaş & Han Spaces.

Chapman Taylor’s Madrid studio is responsible for the broader master plan and Hilton hotel architecture.

Australian landscape design practice OCULUS is contributing to the master plan and outdoor spaces, while Wei Yap Architecture is developing the wider architectural concept.

The involvement of these international firms brings expertise in hospitality, commercial development, urban planning and adaptive reuse.

International Investment Interest Supports Georgia’s Property Market

Archi Grand Avenue is also targeting overseas property buyers, particularly investors from Gulf Cooperation Council countries familiar with branded residences and integrated lifestyle developments.

According to Archi, international purchasers already account for more than one-quarter of its buyers.

Georgia’s geographical position between Europe and Asia, expanding commercial relationships and economic development provide additional context for international investment interest.

However, property purchasers must independently assess ownership conditions, financing arrangements, construction timelines and potential investment risks before committing funds.

The developer has also announced a one-day apartment sales promotion for 24 October 2026.

Registered buyers will be offered special prices on selected apartments during the event.

Archi reports that its previous promotional sales day resulted in 644 apartment transactions and that prices within the project subsequently increased by approximately 27–28 per cent.

These figures are developer-reported and should not be interpreted as guaranteed future investment returns.

Grand Avenue Could Strengthen Tbilisi’s Position as an International Urban Destination

Beyond residential development, Grand Avenue represents an opportunity to diversify Tbilisi’s tourism infrastructure through branded hospitality, heritage regeneration and integrated recreational facilities.

The combination of international hotel operators, public spaces and commercial attractions could help the Georgian capital accommodate changing expectations among international visitors and residents.

Its long-term contribution will depend on successful delivery, accessibility, sustainable management and continued demand for accommodation and commercial space.

Conclusive Summary (50 words)

Archi Grand Avenue represents a significant investment in Tbilisi’s urban development and hospitality infrastructure. By combining Hilton, Wyndham Residences, heritage regeneration and extensive recreational facilities, the project could strengthen Georgia’s international tourism appeal. Its next phase highlights growing interest in integrated destinations connecting accommodation, business, leisure and residential communities.