BLB advises DFC on financing Rooms Hotel Abastumani

A financing agreement was signed between US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC) and Adjara Group today. The raised funds will be used for the purposes of transforming the historical sanatorium “Arazindo” of Abastumani into a modern hotel.

By creating up to 200 jobs in the Samtskhe-Javakheti region, the project gives rise to a new opportunity of employment for the locals. Rooms Hotel Abastumani will be opened in 2024 on the 100th anniversary of the sanatorium “Arazindo”.

In this project, BLB advises DFC on the issues of Georgian law. We are proud of this subsequent cooperation with DFC, which emphasizes the confidence that international corporations, such as the US government agency and financial institution DFC, place in BLB’s team.