The five-star resort hotel Kempinski Grand Hotel Gelendzhik is the third hotel managed by Kempinski Hotels in Russia, and the first on the Black Sea coast.
The hotel was constructed by Ballymore through the painstaking restoration of a 17th century listed building. It comprises 9,000 sq metres (100,000 square feet) and includes 75 luxury rooms and suites.
The group recently signed an agreement with Capital Vostok SA to manage a five star luxury hotel in Tbilisi's city centre, on the main boulevard and close to the opera house. The hotel will open in 2009.