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YEREVAN. – Hraparak (Square) newspaper of Armenia has learned that a representative of the Kempinski Hotels hotel group will soon come to Armenia to sign with businessman MP Gagik Tsarukyan a contract on a hotel nearby Moscow Cinema in downtown Yerevan, the capital city, and whose construction is in progress at a very fast pace, according to the paper. 

“Developers hope that it will be ready next year at this time.

“One hundred million dollars are intended to be invested for the construction of the hotel,” wrote Hraparak.

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