The report on the privatization of the state property during 2015 approved at the RA Government meeting on April 21 states that there was made about $ 8.8 million investment for hotel Dvin by the end of 2015 t. It is necessary to remind that the Caucasus Communication Group JSC which is registered in Cyprus (a known offshore zone)is  the investor of this project. In 2003, it purchased the hotel, a large building in the city center, only for $ 3 million. 

Dear families of those serving their compulsory military service,
ACBA- CREDIT AGRICOLE BANK lowered rates of the loans that have been issued or will be issued in the future. Thank you, Armenian serviceman...
Everything will be fine!

Initially, the company planned to complete the reconstruction of the hotel in 2016. However, during the construction works it found out that a fundamental reconstruction is necessary to complete the project. In August of 2015 the head of the State Property Committee, Arman Sahakyan, announced that the investments are being made ahead of the schedule.