11 Mar
Hotel Ani Closes For Two Years Reconstruction
YEREVAN (Golos Armenii daily), 01/30/99 — According to the order of Minister of Industry and Trade Hayk Gevorgian, hotel Ani will close for two years reconstruction from March 26, 1999. Personnel of the hotel, 210 people, will remain jobless in this period. They will discuss their future with the new owners of the hotel on February 1.
100 percent of stock of the hotel were sold for $4mln. to ANI Enterprises LLC of California in August, 1998. The company was established by USA Armenians Ralf and Savey Tufenkian, Kostia Shirvanian, Marco Brambalian and Mimo Baroyan.