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PM SARGSYAN DEFENDS TURNING MFA BUILDING INTO HOTEL
http://armenianow.com/economy/business/40564/armenia_republic_square_hotel_tigran_sargsyan
Business | 25.10.12 | 13:55
Armenian Prime Minister Tigran Sargsyan has defended the recent
decision to sell a government building now housing the Ministry of
Foreign Affairs for a private investor to turn it into a hotel.
He said the matter concerning the building in central Republic Square
was first discussed two years as part of general reconstruction in
the center of Yerevan.
"It is rational to have another posh hotel in Republic Square,"
Sargsyan told media on Wednesday. "There is always a shortage of
hotels when more than two international events are taking place in
Yerevan at the same time. And five-star hotels in the city center
are the best places for investors."
The Armenian prime minister said Argentinean-Armenian businessman
Eduardo Eurnekian had made a "beneficial proposal" for the state.
"The bargain was of bilateral benefit and it will be purposeful to
have another high-class hotel in the Square," he said, stressing that
there will be no architectural changes in the building.
From: A. Papazian
http://armenianow.com/economy/business/40564/armenia_republic_square_hotel_tigran_sargsyan
Business | 25.10.12 | 13:55
Armenian Prime Minister Tigran Sargsyan has defended the recent
decision to sell a government building now housing the Ministry of
Foreign Affairs for a private investor to turn it into a hotel.
He said the matter concerning the building in central Republic Square
was first discussed two years as part of general reconstruction in
the center of Yerevan.
"It is rational to have another posh hotel in Republic Square,"
Sargsyan told media on Wednesday. "There is always a shortage of
hotels when more than two international events are taking place in
Yerevan at the same time. And five-star hotels in the city center
are the best places for investors."
The Armenian prime minister said Argentinean-Armenian businessman
Eduardo Eurnekian had made a "beneficial proposal" for the state.
"The bargain was of bilateral benefit and it will be purposeful to
have another high-class hotel in the Square," he said, stressing that
there will be no architectural changes in the building.
From: A. Papazian