Hraparak reports that near the “Armenia” health resort, which belongs to Ashot Arsenyan a new health resort is being built. Initially it was thought that the new resort is part of the Armenia hotel, but it turned out to be a mistake.
“The basis of the shareholding is large, about 50 % belongs to a former governor of Vayots Dzor Samvel Sargsyan, some 15 % belongs to Arsenyan, so that he won’t say his business is being taken away, and the remaining 30-35 %, according to news reports, belongs to the President Serzh Sargsyan’s family.
The building is being built by the Narek Sargsyan architectural company.
The construction began in 2009 and was to be completed in 2011, but it is unlikely to finish before the end of the year.
The new health resort is more luxurious than “Armenia”.