Hotel “Masis, Sis and New Armenia” in the Amount Of $500 Million Will Start Operating 2015 in Armenia
01.06.2010,
16:50
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.
YEREVAN, May 31. /ARKA/. 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. –0—
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. –0—
