PAPER: ARMENIAN MFA BUILDING TO BE SOLD TO KEMPINSKI HOTEL GROUP

PanARMENIAN.Net
September 18, 2012 – 10:35 AMT

PanARMENIAN.Net – According to Zhoghovurd daily, Yerevan’s chief
architect confirmed the rumors on the Armenian Foreign Ministry
building to be transformed into a hotel.

“The ministry will have a new building where the Justice Ministry
premises used to be,” Narek Sargsyan said.

On September 23, 2011, the paper divulged the government’s plans to
sell the Foreign Ministry building to Kempinski Hotels S.A for USD
500 mln, with RA authorities denying the information then.

After Azerbaijani assassin Ramil Safarov’s extradition, it would be
cleverer to close the ministry altogether, the daily says.