3 STAR HOTEL HILTON GARDEN INN TO BE BUILT IN YEREVAN

Noyan Tapan
July 17, 2009

YEREVAN, JULY 17, NOYAN TAPAN. Following almost 2 years of
negotiations, U.S.-based Bedian International in cooperation with
Hilton Hotels Corporation will build a 3 star hotel Hilton Garden
Inn and an exhibition center in Yerevan. The construction work will
begin in 2010 and last 2.5-3 years. Bedian International’s Founder
and President Gary Bedian said at the July 14 press conference that
their company has already purchased a 2-ha area near Yerevan-Zvartnots
Airport highway.

According to him, the hotel will have 202 rooms, 40 apartments with
kitchens for those who plan a long stay, a restaurant for 150 people,
a banquet hall, conference rooms, swimming pools, and a gym. The
daily payment for a room will make 150-200 USD in the holiday season
and 120-150 USD in other months.

The exhibition center to be constructed under a joint project with
the RA Chamber of Commerce and Industry will occupy an area of about
3,500 square meters. The construction of the hotel and exhibition
center will cost 25-30 million USD. 5 million USD has already been
invested. According to the Diasporan Armenian businessman, they
envisage receiving 3-4 million USD from the OPEC and the European
Bank for Reconstruction and Development (EBRD).

He expressed confidence that the opening of the hotel and expo center
will contribute to the development of the Armenian economy, which
will enable to promote international tourism in the country. G. Bedian
announced their intention to construct such a hotel in Gyumri as well.