Two hotel towers and a 5,000-square-metre casino are under construction in central Tbilisi

Two towers in the city centre, under construction, combining a Planet Hollywood with a casino and a Radisson Blu. The published room counts are 500 and 600, while the project is also described as having around 1,200 rooms in total, so the exact final number is not yet settled in public. Around it: a casino of up to 5,000 square metres, an entertainment venue seating 4,000, over 6,500 square metres of shops with Harvey Nichols as the anchor, restaurants and nightlife, a rooftop lounge, a spa, a fitness centre and several pools. Block Group puts permanent employment at about 2,000.

A thousand-plus professionally managed rooms do not open quietly. When they come online they will discount hard to fill the first seasons, they will take conference and group business that currently spreads across smaller hotels, and they will set a new service benchmark at the top of the market. A short-let owner is not competing with the resort directly — different guest, different price point — but the hotels that lose business to it will reprice downwards, and that is the pressure that reaches an apartment. The timing matters more than the size, and the timing has not been published.

Integrated resorts are built around gaming and events, and the guest they draw is short-stay, high-spend and concentrated into weekends and show dates. That profile is good for restaurants, taxis and retail in the surrounding blocks, and less useful for a guesthouse selling slow mornings and a walking tour. If you own near the site, the sensible planning question is which of those two businesses you are in, and whether your building is positioned to catch the overflow on event weekends or to be a quiet alternative to it.

No opening date and no investment figure have been published, and the two room counts do not add up to the quoted total. None of that means the project is unsound; large mixed-use schemes routinely change shape between announcement and opening. It does mean that any decision made now — buying nearby on the strength of it, or holding off a sale until it opens — is being made on a timeline nobody has committed to in public. Treat the renderings as intent and the dates as unset until the developers publish them.