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Two new hotels to appear in Yerevan

19.02.2015, 16:00
Two new hotels will be built in Armenia’s capital city worth $8 and $50 million respectively, Yerevan mayor Taron Margaryan told a Cabinet session today.  He said the first hotel will be built by Renshin construction company on Tumanyan street in central Yerevan.

Two new hotels to appear in Yerevan
YEREVAN, February 19. / ARKA /. Two new hotels will be built in Armenia’s capital city worth $8 and $50 million respectively, Yerevan mayor Taron Margaryan told a Cabinet session today.  He said the first hotel will be built by Renshin construction company on Tumanyan street in central Yerevan.

The building that will be remodeled into a hotel with 80 rooms needs serious reconstruction to match the current architectural image of the city, the mayor said.

The second hotel worth $50 million will be built near Abovyan park in downtown Yerevan by a Russian construction company from St. Petersburg. Its representatives are expected in Yerevan in April, Margaryan said. 

The hotel will be built in a building that houses now Yerevan Jur water distribution company. The Cabinet decided today to set up an inter-agency commission to handle the merger of Yerevan Jur with Armenian Water and Sewage Company and seek a concessional manager for the new company.-0-