Business Summary

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Capital Raising > Hotel construction

Business Opportunity

Industry: Tourism


Sector: Hotels


SIC Code: 15220105 HOTEL/MOTEL, NEW CONSTRUCTION


Transaction Type:
Capital Raising

Country of Origin: Armenia |


Target Areas: Worldwide


Business Review

This project envisages creating a new hotel complex in the center of Yerevan on the basis of Government House (3 buildings). There will be about 380 guest rooms in four main types available.

Products
Services
Financial Information

Capital / Loan Requirements: EUR 67.500.000


Highlights

The complex will be located in Government House N3 building, which is currently owned by the Republic of Armenia.
Currently, a number of state agencies and other organizations, including ministries, foundations, museums, etc. are operating in the targeted building.
The technical parameters of the building are: •floors – 8 •total area -30,897 sq. m •average height of the flor -3.1 m
According to the project, the hotel will have 380 rooms, which will consist of 4 main types of rooms, as well as other relevant infrastructures for full rest and business meetings, such as restaurants, sports complexes and more. The rooms are planned to be distributed as follows:
•Superior, 120 sq. m -15 rooms
•Luxe, 60 sq. m -45 rooms
•Deluxe, 36 sq. m. -70 rooms
•Standard, 20 sq. m. -250 rooms
The hotel will provide the entire range of basic services at high level, which will make it a major competitor for other high class hotels.

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