ArmenPress
March 2 2005
RUSSIAN-ARMENIAN TYCOON SETS EYE ON TSAKHKADZOR
YEREVAN, MARCH 2, ARMENPRESS: Ara Abrahamian, a Russia-based
Armenian-born businessman, unveiled Tuesday an ambitious plan of
developing Armenia’s most famous resort town of Tsakhkadzor into an
internationally acclaimed tourist zone, saying the first stage of
this plan would require at least $100 million investment. Abrahamian
said he was going to submit the plan to Armenian president Robert
Kocharian.
Speaking at a yesterday news conference in Yerevan, Abrahamian
said his Union of Russian Armenians had done a great deal of work
with Russian and other countries’ travel agencies specializing in
winter tourism. He cited the Russian sport chief who said that some
500 Russian skiers may arrive in Tsakhkadzor to train there.
The plan envisages construction of a chain of 3-5 star hotels to
make the resort available to people with various degree of incomes.
Tsakhkadzor now has 15 hotels that can house some 5,000 people.
From: Emil Lazarian | Ararat NewsPress