The organizers of the Russian Hospitality Awards and the organizers of the 11th Annual Conference on investments in hotel businesses of Russia and the CIS (RHIC) have jointly awarded Teimuraz Yu Chichiashvili, President of PATERO Development, the first ever “Man of the Year” award for leadership.

L-R: former President of Israel Shimon Peres, Ambassador of Israel to Russia Dorit Golender, and Teimuraz Y. Chichiashvili

According to the news, the award was created in order to reveal and reward the key representatives of the hospitality industry, but also to foster new developments in the space. Chichiashvili, who is also the co-Chairman of the Israeli-Russian business Council, was recognized for his efforts with PATERO Development, in work related to commercial and residential real estate projects across Russia and the CIS, most notably, the Hotel complex Mercure-ibis-Adagio Moscow Paveletskaya.

The Accor Hotels project in Moscow, the upcoming Accorhotels Adagio openings, IBIS and Novotel developments and others differentiate this developmental magnate from many others. Chichiashvili is one of the few proven industrialists to have successfully operated outside Russia and the CIS. PATERO operations in the whole of Eastern Europe have proven highly successful.