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Ascott Opens Citadines Tbilisi Freedom Square, Georgia

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Ascott has opened the Citadines Tbilisi Freedom Square. The property is one of the first international serviced residences to open its doors in Georgia, and it strengthens Ascott’s presence in Europe, where it already operates over 5,000 serviced apartment units in 47 properties.

Citadines Tbilisi Freedom Square is centrally located in the heart of Tbilisi at Freedom Square, a popular tourist attraction. It is close to the National Museum of Georgia and a 10-minute walk from the recently refurbished Old City with its old residential houses, numerous religious monuments and the ancient sulphur bath houses which are still operational. Cafes, restaurants and supermarkets are within a short walking distance.

Mr Lim Ming Yan, Chief Executive Officer of The Ascott Limited, said, “Georgia’s government has initiated prudent macroeconomic policies and made concerted efforts to attract foreign direct investments into the country. Consequently, the World Bank has placed Georgia among the top ten Eastern Europe reforming countries for the past four years. Demand for quality accommodation by international business travellers as well as by intra-regional visitors, from the Commonwealth of Independent States, is expected to increase. Citadines Tbilisi Freedom Square not only caters to this growing demand but also allows Ascott, in particular our Citadines brand, to strengthen its market presence in the region.”

Citadines Tbilisi Freedom Square is an eight-storey building offering residences ranging from studios to two-bedroom apartments. All apartments come complete with modern fittings, designed to create a comfortable living and working environment. Features include a fully-equipped kitchen, en-suite bathroom, home entertainment system and free broadband internet access. The property also offers residents three meeting rooms and a fitness room on the roof-top.

To celebrate the launch of Citadines Tbilisi Freedom Square, Ascott is offering a promotional launch rate starting from US$ 107 per day for a studio and from US$ 197 per day for a two-bedroom apartment.

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