Courtyard by Marriott Hotel and Apartment Complex will be constructed at 5 Teryan Street in Yerevan in 2020, as a result of cooperation between Marriott International and Galaxy Group of Companies. The Complex will be managed by Marriott International, in accordance with an agreement singed in 2017 in Zurich and ratified recently in Yerevan.

“Armenia is a special country for me, and today is a historic day for us. I visited Armenia for the first time in 1999, and I hope to come again in 2020 for the opening of the Courtyard by Marriott,” said Reiner Sachau, Chief Operating Officer of Marriott International.

The future Courtyard by Marriott hotel in Yerevan is a large investment project in the area of tourism. It is unique in terms of its architectural design and solutions, the reputation of the international partners, the proposed standards and the importance of the value added for the country.

“We had a difficult task and our team worked very hard. We brought together more than ten international partners around a common goal, which is to bring a new format and new quality into the world of hotels and apartments,” said Artyom Khachatryan, the co-founder of Galaxy Group of Companies.

More than 100 business persons, managers and specialists from the tourism, hospitality, banking, IT, insurance and real estate industries came to particiapte in the official launch of the project. They included Broadway Malyan Holdings Group Chairman Stuard Rough, General Director of Contura German design company Barbara Meyer-Kosfeld and other well-known individuals and representatives of companies who took part in the project.

Courtyard by Marriott is a large partnership investment project, which has received very important backing from Ameriabank.