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HOTEL "MASIS, SIS AND NEW ARMENIA" IN THE AMOUNT OF $500 MILLION WILL START OPERATING 2015 IN ARMENIA
ARKA
May 31, 2010
YEREVAN
A series of hotels in the frames of the program "Coastal rest-zones
Masis, Sis and New Armenia" in the amount of $500 million is planned
to open near Yerevan in 2015.
Armen Vardanyan, Head of authors' group of the program said that as in
2015 Armenia is going to celebrate 100th year of Armenian genocide,
such a construction will be a good opportunity for the involvement
of international society and will become an incentive for the flow
of tourists to Armenia in 2015.
The program envisages reconstruction of Yeghvard reservoir where
five-star hotels will be built. "On 25 ha it is possible to built
different entertainment buildings for different age groups. They will
have exits to highways Yerevan-Ashtarak and Yerevan-Abovyan. There
are no plants in this territory and the season of water tourism,
in difference with Sevan can last 4-5 months", said Vardanyan. It is
also possible to organize tourist tours to Arayi Mountain, monasteries
Saghmosavan, Ohanavan and others.
Construction of Yeghvard reservoir was planned to finish in Soviet
times, but it was terminated after its breakdown. About $70 million
was calculated in the cost-estimate of the implementation of the
program. "The given reservoir will allow to more efficiently use
natural resources of Armenia", said Vardanyan. Efficiency of the
program for investors is assessed about 30%.
"Provision of credit of $350 million is expected by the specialists
of American company "The Innovation Group", he said.
"The Innovation Group" has already funded different programs in the
total amount of more than 40 billion.
Preliminary cost of five-star hotel is assessed about $120-170 daily.
Local population from Yerevan can use the services of the hotel,
sleeping in their houses at nights, as it takes 15 minutes from
Yerevan to Yeghvard.
"The aim of the given program is development of outgoing tourism and
in case of competition the prices will go down", said Vardanyan.
Robert Harutyunyan, General Director of CJSC "Armenian Development
Agency said that the main problem of their agency and authors' group
was involvement of two types of partners - those having experience
in management of such projects and relevant investors.
Project management will possibly implement experienced American
company "M.G.M. Mirage". Final answer will be received in mid-June,
after which negotiations with investors will start.
This program is rather important in tourism sphere of Armenia and
construction of such hotels will make Armenia more attractive and
increase the number of tourists.
Construction of rest-zone of Yeghvard reservoir is planned to start
in 2011.
From: A. Papazian
ARKA
May 31, 2010
YEREVAN
A series of hotels in the frames of the program "Coastal rest-zones
Masis, Sis and New Armenia" in the amount of $500 million is planned
to open near Yerevan in 2015.
Armen Vardanyan, Head of authors' group of the program said that as in
2015 Armenia is going to celebrate 100th year of Armenian genocide,
such a construction will be a good opportunity for the involvement
of international society and will become an incentive for the flow
of tourists to Armenia in 2015.
The program envisages reconstruction of Yeghvard reservoir where
five-star hotels will be built. "On 25 ha it is possible to built
different entertainment buildings for different age groups. They will
have exits to highways Yerevan-Ashtarak and Yerevan-Abovyan. There
are no plants in this territory and the season of water tourism,
in difference with Sevan can last 4-5 months", said Vardanyan. It is
also possible to organize tourist tours to Arayi Mountain, monasteries
Saghmosavan, Ohanavan and others.
Construction of Yeghvard reservoir was planned to finish in Soviet
times, but it was terminated after its breakdown. About $70 million
was calculated in the cost-estimate of the implementation of the
program. "The given reservoir will allow to more efficiently use
natural resources of Armenia", said Vardanyan. Efficiency of the
program for investors is assessed about 30%.
"Provision of credit of $350 million is expected by the specialists
of American company "The Innovation Group", he said.
"The Innovation Group" has already funded different programs in the
total amount of more than 40 billion.
Preliminary cost of five-star hotel is assessed about $120-170 daily.
Local population from Yerevan can use the services of the hotel,
sleeping in their houses at nights, as it takes 15 minutes from
Yerevan to Yeghvard.
"The aim of the given program is development of outgoing tourism and
in case of competition the prices will go down", said Vardanyan.
Robert Harutyunyan, General Director of CJSC "Armenian Development
Agency said that the main problem of their agency and authors' group
was involvement of two types of partners - those having experience
in management of such projects and relevant investors.
Project management will possibly implement experienced American
company "M.G.M. Mirage". Final answer will be received in mid-June,
after which negotiations with investors will start.
This program is rather important in tourism sphere of Armenia and
construction of such hotels will make Armenia more attractive and
increase the number of tourists.
Construction of rest-zone of Yeghvard reservoir is planned to start
in 2011.
From: A. Papazian