Georgian businessman Temur Ugulava has died at the age of 56.

According to available information, Ugulava had been battling a serious illness in recent months and passed away in the United States.

His name is associated with the creation of numerous projects in Georgia. Ugulava was the owner of Adjara Group, a company operating in the hospitality sector.

The group's portfolio includes Stamba Hotel, the Rooms Hotels network, Holiday Inn Tbilisi, and Fabrika Tbilisi.