Europe’s largest hospitality company Accor to invest $100m in hotel complex in Yerevan

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YEREVAN, July 2. /ARKA/. Technotun, an Armenian developer company, and Europe’s largest hospitality company Accor from France signed a cooperation memorandum, Armenia’s Economy Ministry reported on Tuesday./pp

Technotun’s director Tigran Mnatsakanyan and Accor’s Chief Operating Officer Alexis Delaroff signed the deal./pp

According to the deal, the Technotun company will construct the Pullman Living and Residences Yerevan hotel complex in Yerevan’s Nork-Marash district for Accor. The investment project is expected to be worth over $100 million./pp

The complex will have a space of 20,000 square meters, including 16,000 square meters of publicly available infrastructure./pp

The Accor company was established in 1967 and now operates over 5,600 hotels, 10,000 restaurants and bars in more than 110 countries worldwide./pp br/p