Having two hotels in Yerevan's central square is not admissible, President of the Union of Architects of Armenia Mkrtych Minasyan told journalists on Saturday, when asked to comment on the Armenian Government's decision to sell the building of the Foreign Ministry for a luxury hotel project.
"Any country should have luxury hotels but not in the central square of its capital. The building of Marriott Armenia Hotel was initially designed for a hotel but the one housing the Foreign Ministry has always been an administrative building," Minasyan said.
On Oct 4 the Armenian Government sold the building of the Foreign Ministry in Republic Square to Tango CJSC for $51.2mln. The company belongs to Argentinean businessman Eduardo Eurnekian and is registered in the territory of Zvartnots Airport.