President attends opening of Hyatt Place Yerevan Hotel
President Serzh Sargsyan on Wednesday attended the opening of the Hyatt Place Yerevan Hotel belonging to the Hyatt Place hotel chain.
The President toured the newly opened hotel compound built in accordance with the standards of the top-quality international brand, familiarized with the investments, jobs and quality of the services.
Construction of the Hyatt Place Yerevan, located in the vicinity of Republic Square in Yerevan, commenced in 2011 and was concluded this year. During the tour, Serzh Sargsyan was informed that investments for the construction of the hotel have already reached 15 million USD. This almost 7.0002 meter and ten-story hotel employs 70 people with the average wages of 200,000 AMD.
Opening of the Hyatt Place Yerevan Hotel in our country, according to the owner of the Hotel Interarm-M and representatives of the Hyatt Hotels Corporation, which carry out management of the compound, will undoubtedly boost the quality of the services provided in hotel industry. It is also expected that entry of this new hotel into Armenian market will improve the competition atmosphere among the chain and brand hotels, as well as in hotel industry of the republic in general, the presidential press service reported.