Petra Sea Resort is an exceptional investment opportunity, with 60% of the first block already sold," said the CEO of Petra Group.
Petra Sea Resort is Petra Group's first development project, setting a new standard in Georgia's hospitality industry, as stated by Tinatin Kalandarishvili, CEO of Petra Group, in an interview with Business Insider Georgia.
According to her, the project’s development plan spans seven years, with the construction of the first phase expected to be completed by the end of 2026.
"Petra Sea Resort is a conceptually unique project, featuring international partnerships and solid guarantees—located on the first line of the Black Sea coast in Tsikhisdziri, it will offer guests and residents an unparalleled experience."
Petra Sea Resort will integrate branded hotels, residences, residential and investment apartments, a private beach, and a variety of recreational facilities," added Kalandarishvili.
It has already been confirmed that the Pullman hotel will be located within Petra Sea Resort.
"We have signed the agreement for Pullman and completed all necessary processes to launch the sales phase. The resort will host three high-class international brands, including branded residences and hotels.
Pullman will be presented on our resort as residences rather than as a hotel, with each residence featuring a private kitchen—a key factor for those who enjoy family vacations.
Additionally, a five-star hotel will be situated at the center of the resort, with active negotiations underway with international operators to finalize the decision. Another brand, with which we recently concluded successful negotiations, will also have a branded residence component similar to Pullman," noted the Petra Group CEO
According to Tinatin Kalandarishvili, the management of Petra Sea Resort will involve the international company Valor Hospitality, a global leader in hotel management. Valor Hospitality is headquartered in Atlanta, USA, and manages hotels on nearly every continent, with a portfolio that spans leading hotels and resorts across Europe, the Americas, the UK, and CIS countries.
"The memorandum between Petra Sea Resort and Valor Hospitality covers the management of the resort and its planned hotels, branded residences, hotel-style apartments, restaurants, and other infrastructure," added Kalandarishvili.
Currently, apartment prices at the resort start at $1,250 (in the equivalent in GEL). Prices vary by block; some blocks (e.g., A, B, C) are designed for apartments, while other blocks offer residences, with preliminary sales just started. Special offers are still available, including a 20% discount on residences for contractors in the pre-sale stage.
"Despite launching sales in October last year, 60% of the first block is already sold, which we consider satisfactory for the first stage. Sales activity has intensified in recent months, especially after we initiated active communication and disclosed details about our partnerships with international companies.
Our resort attracts both Georgian and foreign citizens. Tsikhisdziri is particularly appealing to Georgian contractors due to its pristine area, better sea, clean air, and tranquility—qualities that are now scarce in other coastal resorts and cities of Western Georgia. Our project has been especially attractive to citizens from Southern Europe, Kazakhstan, CIS countries, and Israel," noted the Petra Group CEO.
Petra Sea Resort is a prime investment destination, as it brings together everything that property owners and vacationers need for a complete vacation.
"As we’ve mentioned, Petra Sea Resort offers a unique experience for any tourist or resident. It’s a resort that combines everything that property owners and vacationers need for complete relaxation and four-season living.
The resort infrastructure is diverse, featuring a private beach, marina, restaurants, shopping centers, a water park, family entertainment centers, lounge bars, and casinos for those who prefer lively vacations, as well as a gym and fitness studios for those who enjoy a healthy lifestyle.
For those considering Petra Sea Resort as an investment, it is a distinctive opportunity. International operators who have chosen to become our partners enhance the property’s investment value and ensure the successful implementation of the project in the long term.
The collaboration between Petra Sea Resort and Valor Hospitality will provide additional benefits for each of our contractors—it will set an important precedent in Georgia as the first resort to be fully managed by an international company. This means that Petra Sea Resort residents and investors will have the unique opportunity to benefit from Valor Hospitality’s rental services upon purchasing an apartment or branded residence.
Most importantly, every property owner can be assured that, at every stage of the project—from now to completion—they will receive quality service from a highly reliable company.
Generally, renowned international brands enhance the credibility and appeal of such multifunctional complexes.
In our case, we’re not only talking about Valor Hospitality but also about three international hotel brands. Naturally, association with these brands instills confidence in both international and Georgian investors. This serves as a guarantee of high-quality services and infrastructure," stated the Petra Group CEO to Business Insider Georgia.
