Moxy Hotels to Expand to Eastern Europe

TBILISI, GEORGIA—Marriott International, Inc., in partnership with developers GMT Group, will bring its new lifestyle brand Moxy Hotels to Eastern Europe. The 130-room Moxy Tbilisi Hotel will be managed by Marriott International and is expected to open in 2017.  Located in Saarbrucken Square, central Tbilisi, it will be the third Marriott International property owned by GMT Group in Tbilisi, in addition to the Courtyard Tbilisi and Tbilisi Marriott Hotel. Moxy Hotels is expected to open 150 hotels and 25,000 rooms in Europe by 2020.

GMT Group has partnered with Overseas Private Investment Corporation (OPIC), a government agency, to provide $25 million for the construction of the hotel, which will be part of new retail and office development around Saarbrucken Square. The hotel will be situated in a prime location close to the River Mtkvari and a short drive from the historic city center.