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New developments in Yerevan hotel sphere


Today Yerevan Serzh Sargsyan familiarized himself to the process of hotel sphere development in the capital. The President of the Republic accompanied by Yerevan Mayor Taron Margaryan visited the “Ibis Yerevan Center” and “Golden Palace Boutique Hotel” located in Kentron administrative district of Yerevan, toured about the hotel complexes, familiarized himself to the work done, to investments made into them, to created work place and to the quality of provided services.
The member of the world-known hotel chain “AccorHotels” the “Ibis” hotel cooperating with the international hotel chain meets the strictest international requirements and is one of the largest hotels in Armenia with its 255 rooms.
The President of the Republic was informed that in 2017 the “Ibis Yerevan Center’ hotel hosted about 18 500 guests from more than 80 countries. In 2018 the number of guests is expected to increase by 25% at least. The hotel has 98 employees with average salary of 245 000AMD. The total investment made into the construction of the hotel complex has made up 10 milliard AMD.
The “Golden Palace” Hotel Ltd. Co. belonging to “Golden Palace Boutique Hotel” has its significant place in the hotel and tourism sphere of Armenia. In the hotel the President was informed that it started functioning in 2018 January and created about 40 working places with average salary of 200 000-250 000 AMD. Meeting the standards of ‘Golden Palace Boutique Hotel”, each room has special style and is provided with unique furniture and conveniences, provides high-quality services, particular comfort and luxury. The total loan and other means investment into the construction and furnishing of the “Golden Palace Boutique hotel”hs made up about 15 million USD in Armenian dram equivalence.


Information and Public Relations Department
of the City Hall of Yerevan



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