Yerevan, Armenia (06/06/2011). Ameria cjsc, Armenia’s leading consultancy company, today announced it has brokered a franchise agreement with Wyndham Hotel Group, the world’s largest hotel company based on number of hotels and one of three business units of Wyndham Worldwide (NYSE: WYN), to operate the country’s first Ramada hotel; Ramada Yerevan.
Ameria cjsc provided extensive professional support to the private investors backing this hotel development project, and conducted successful negotiations with Wyndham Hotel Group, which resulted in an agreement to build the four star hotel complex under the Ramada brand. In addition to developing a business plan for the project, Ameria cjsc completed the financial planning for the construction of the hotel and provided ongoing support in facilitating the drafting and execution of the agreement.
The hotel, which will be situated within the emerging business and residential area of Yerevan, in the vicinity of the NOY district and less than three kilometres from Zvartnots International Airport, is the first Wyndham Hotel Group property in Armenia.
“Yerevan is a rapidly developing city that serves as home to a growing number of companies as well as a rising number of international tourists wanting to discover the charm of Armenia,” said Andrew Mkrtchyan, managing director of Ameria cjsc. “The addition of a hotel under the Ramada brand, already well-established and trusted by travelers across the globe, will help serve the growing demand for quality accommodation for both business and leisure guests alike.”
Owned by Rameo Otel CJSC, the Ramada Yerevan will be located on Leningradyan Ave. and will offer 120 contemporary guestrooms and suites with free wireless Internet access and all the latest amenities as well as stunning views of the Ararat mountain.
All guestrooms will feature queen or twin beds, a spacious work desk, LCD television with satellite channels, IDD phones, voice mail and an electronic safe.
For dining options, the hotel will feature an all day restaurant that includes an international breakfast buffet and a diverse à la carte lunch and dinner menu. An Armenian speciality restaurant will offer guests a flavour of the local cuisine. A coffee bar in the lobby will serve a mix of hot and cold soft beverages. Additionally a 24-hour room service will be available.
Business travellers will appreciate access to a 24-hour business centre as well as four meeting rooms equipped with the latest audio and video technologies. Other amenities will include an extensive spa with a temperature-controlled indoor swimming pool, a large gymnasium, saunas and several treatment rooms. Adjacent to the building there will also be a fitness centre, which will be available for hotel guests. Airport transportation and on-site parking will also be available.
The project, which is planned for completion by 2013, is expected to generate around 100 new jobs and contribute significantly to the development of tourism in the country through the provision of high quality hotel services.
# # #
About Ameria cjsc
Ameria is a leading full-service advisory firm in Armenia with significant activity in the areas of corporate restructuring, mergers, acquisitions, legal advice, direct and portfolio investments, business and strategic planning, financial advisory and tax planning, public administration and reforms, etc. As part of Ameria Group, Ameria cjsc renders independent, confidential, and objective counsel through a uniquely harmonious and efficient system of five advisory units: Management Advisory Services, Financial Advisory Services, Assurance and Taxation, Legal Practice and Investment Banking.
Ramada Worldwide, a member of the Wyndham Hotel Group family of lodging brands, is a global chain of nearly 900 midscale and upscale hotels. Reservations and information are available at www.ramadainternational.com.
About Wyndham Hotel Group
Wyndham Hotel Group, part of the Wyndham Worldwide (NYSE:WYN) family of companies, is the world’s largest hotel company with approximately 7,190 hotels and 609,600 rooms in 66 countries under the hotel brands: Wyndham Hotels and Resorts®, Ramada®, Days Inn®, Super 8®, Wingate by Wyndham®, Baymont Inn & Suites®, Microtel Inns & Suites®, Hawthorn Suites® by Wyndham, TRYP by Wyndham®, Howard Johnson®, Travelodge® and Knights Inn®. In addition, the company has a license agreement to franchise the Planet Hollywood Hotels, Dream® and Night® brands and provide management services globally.
All hotels are independently owned and operated excluding certain Wyndham and international Ramada hotels which are managed by Wyndham Hotel Management, Inc., one of its affiliates or through a joint-venture partner. Wyndham Hotel Group is based in Parsippany, N.J. Additional information is available at www.wyndhamworldwide.com.