Armenian Prime Minister Tigran Sargsyan has defended the recent decision to sell a government building now housing the Ministry of Foreign Affairs for a private investor to turn it into a hotel.
He said the matter concerning the building in central Republic Square was first discussed two years as part of general reconstruction in the center of Yerevan.
"It is rational to have another posh hotel in Republic Square," Sargsyan told media on Wednesday. "There is always a shortage of hotels when more than two international events are taking place in Yerevan at the same time. And five-star hotels in the city center are the best places for investors."
Armenian News
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