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On 2,500 sqm land plot there are two main buildings - 1,674 (designed as main hotel block, not renovated) and 495 sqm ( designed as main restaurant, renovated). Also there are 7 stone and wooden cottages from 28 to 126 sqm. Property was never put into operation. It is owned by bank and partial financing of the acquisition is also possible. Property is located in Tsaghkadzor city, Armenia.
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Real Property Included
Hotel and restaurant complex almost finished , never operated, to accomplish renovation and to buy needed furniture and equipment about USD 300k will be needed.
Final ownership certificate is in place ie all permissions are in place.
Instead of seven small cottages one or two main blocks can be added.
Mostly local hotels but also Marriott hotel.
On Bank's balance sheet, not in the scope of bank business oe non core asset
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