When will the Tbilisi Intercontinental Hotel be completed?

When will the works on the renowned hotel chain Intercontinental’s Tbilisi branch be resumed? The construction of the hotel was supposed to have been completed in 2010, having been announced by the President Mikheil Saakshvili in 2007. The hotel is to be located at the former headquarters of the Agriculture Ministry. The Deputy Director of the investment company Georgian Properties states that they are currently negotiating with a number of international institutions regarding the financing of the project. He expects there to be an answer by the end of the month, after which the decisions regarding the timescales of the project will be made. TV3 plans to make enquiries about the fate of other famous hotel brands which were planning to open their branches in Tbilisi.