ArmenPress
Oct 8 2004
CCG PLEDGES $30 MILLION FOR REPAIR OF DVIN HOTEL
YEREVAN, OCTOBER 8, ARMENPRESS: The Caucasian Communication Group
(CCG), the new owner of Dvin hotel in Yerevan, has pledged a $30
million investment to restore the biggest Armenian hotel.
Andreas Ghukasian, a CCG representative, told a news conference
today the major repair of the hotel will take from 3 to 5 years. Some
$2 million of this money are earmarked for reinforcing the building’s
seismic resistance. He said part of the rooms located on the last
four storeys, will be sold as private apartments.
The repair will start next spring by a company that will win a
tender, Ghukasian said, adding that after the repair the hotel will
have 160 rooms. He did not brush aside press reports that the hotel
was bought by a Russian singer Joseph Kobzon, saying the new owners
will visit Armenia in mid-November.
From: Emil Lazarian | Ararat NewsPress