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KOCHARIAN ATTENDS NEW HOTEL OPENING

YEREVAN, JUNE 1, ARMENPRESS; President Robert Kocharian, members of the parliament and government and foreign ambassadors attended today the official opening of a new hotel in Yerevan, called Golden Palace.

Kocharian expressed hope that the new hotel with its 120-member staff will join other hotels to preserve the annual 25 percent growth in the tourism sector. Kocharian recalled that some 280,000 tourists had visited Armenia last year and compared this figure with 38,000 in 1998, saying also that Armenia will have in few years to come enough tourist facilities to accept around 1 million tourists.

The new hotel was built by a Cyprus-registered River Hill Holding company. The five-storey hotel has rooms for 65 visitors. Kocharian also praised the US-based Cafesjian Foundation saying it has been fulfilling all its commitments in Armenia. He said the Contemporary Art Museum the Foundation is building in Yerevan will become a weighty investment in Armenia’s bourgeoning tourism industry.

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