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 Sets a New Standard in Georgia’s Hospitality Industry
Interview with Tinatin Kalandarishvili, 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.
Project Vision and Development Timeline
Seven-Year Master Development Plan
According to Kalandarishvili, the project’s development plan spans seven years, with the construction of the first phase expected to be completed by the end of 2026.
Conceptual Uniqueness of Petra Sea Resort
“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.”
Integrated Resort Components
Petra Sea Resort will integrate branded hotels, residences, residential and investment apartments, a private beach, and a wide range of recreational facilities.
International Hotel Brands at Petra Sea Resort
Pullman Residences and Other Premium Operators
It has already been confirmed that the Pullman brand 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 as a Residential Concept
Pullman will be presented at the resort as residences rather than a traditional hotel, with each unit featuring a private kitchen—an important factor for family-oriented vacations.
Additional Five-Star Hotel Plans
A five-star hotel will be situated at the center of the resort, with active negotiations underway with international operators. Another international brand has also completed negotiations and will be introduced with a branded-residence concept similar to Pullman.
International Management by Valor Hospitality
Global Expertise in Resort Operations
According to Tinatin Kalandarishvili, the management of Petra Sea Resort will be entrusted to Valor Hospitality, a global leader in hotel management headquartered in Atlanta, USA.
Scope of the Management Agreement
“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.”
Pricing, Sales Performance, and Market Demand
Apartment Pricing and Pre-Sales
Apartment prices at Petra Sea Resort currently start from $1,250 (GEL equivalent). Pricing varies by block, with some blocks dedicated to apartments and others to residences. Preliminary sales have already begun.
Special Offers
Special conditions remain available, including a 20% discount on residences for contractors at the pre-sale stage.
Sales Results and Buyer Geography
“Despite launching sales in October last year, 60% of the first block is already sold. Sales activity has increased significantly following the announcement of partnerships with international operators.”
Buyers include both Georgian and foreign citizens, particularly from Southern Europe, Kazakhstan, CIS countries, and Israel.
Petra Sea Resort as a Prime Investment Destination
Four-Season Living and Vacation Infrastructure
Petra Sea Resort combines everything required for full-scale recreation and four-season living, including a private beach, marina, restaurants, shopping centers, water park, family entertainment zones, lounge bars, casinos, fitness centers, and wellness studios.
Long-Term Investment Security
International operators enhance the project’s investment value and ensure long-term operational success.
Unique Precedent for Georgia
The partnership with Valor Hospitality establishes Petra Sea Resort as the first resort in Georgia fully managed by an international company, offering rental services and professional asset management to property owners.
Confidence Through International Partnerships
Guarantee of Quality and Reliability
“Association with renowned international brands strengthens investor confidence. In our case, this includes not only Valor Hospitality but also three global hotel brands—ensuring high-quality services and infrastructure throughout the project’s lifecycle.”
