2. PROJECT
BUSINESS
PLAN
2010
IN ASSOCIATION
PRESENTED BY: GARY H. BEDIAN, CLO
WITH
www.yerevanhotelproject.com
COPYRIGHT 2010 - BEDIAN INTERNATIONAL
3. PROJECT HAS THE
SUPPORT OF THE
ARMENIAN GOVERNMENT
From left to right, Gary Bedian,
Consul General of ROA, Grigor
Hovhannissian, Eddy Chao of
Asia Pacific Capital.
From Left to right, Dr. Aram Vardanyan,
Vice President of the Chamber of
Commerce and Industry of ROA, Martin
Sargsyan, President of Chamber of
Commerce and Industry of ROA, Gary
Bedian, President of Bedian International.
From Left to right sitting, Eddy Chao, Martin
Sargsyan, Gary Bedian, standing from left
to right, Araik Vardanyan, Executive
Director of the Chamber of Commerce and
Industry of ROA, Mayor of Yerevan, Gagig
Beglaryan, Dr. Aram Vardanyan
Gary Bedian with President
Serzh Sargsyan
4. EXECUTIVE SUMMARY
This Business Plan has been prepared with the goal of attracting
investors for the development of the Hilton Garden Inn and Conference
Center project in Yerevan, Armenia. The project is being sponsored and
developed by Bedian International, Inc., a leading hotel development and
management company in the United States. This is the culmination of
three years of planning, execution and investment in the project. The
land has already been purchased, architectural design plans have been
approved, the Hilton franchise preliminary agreement has been executed.
The project enjoys the full support of the Armenian Government as well
as the City of Yerevan Mayor’s approval. The Conference Center is a
Joint Venture with the Chamber of Commerce and Industry of the
Republic of Armenia. The project also includes at least 8 luxury
condominium units which will be sold. Current discussions also include
the prospect of a casino in the hotel. Bedian International is currently in
negotiation with a major Casino operator in Las Vegas. This will add an
additional revenue stream for the investment.
5. PROJECT SUMMARY
⊛ TOTAL PROJECT INVESTMENT $28,000,000
⊛ A 4-STAR LUXURY HOTEL AND CONFERENCE CENTER
⊛ 202 ROOMS, 40 SUITES WITH KITCHENETTES FOR EXTENDED STAY GUESTS
⊛ SPECIAL ACCESS FOR TOUR BUSSES AND LARGE GROUP ARRIVALS
⊛ 250 PARKING SPACES - COVERED AND GROUND LEVEL PARKING
⊛ FULL SERVICE BUSINESS CENTER
⊛ FREE SHUTTLE SERVICE TO AIRPORT AND CITY CENTER
⊛ INDOOR AND OUTDOOR SWIMMING POOL
⊛ EXERCISE FACILITIES WITH SAUNA
⊛ RESTAURANTS AND ULTRA LOUNGE
⊛ BANQUET FACILITIES
⊛ MEETING ROOMS AND CONFERENCE FACILITIES
⊛ 8 LUXURY RESIDENTIAL UNITS ON THE PENTHOUSE FLOOR
⊛ 55,000 SQ. FT. EXHIBIT AND CONFERENCE CENTER
⊛ ROOFTOP HELIPAD
6. Capital: Yerevan
Population: 3.2 Million (2006)
MAP OF REGION AND Religion: Christian (Armenian Apostolic)
Language: Armenian (94%)
COUNTRY STATISTICS Currency: Armenian Dram
GDP: $12,069 million (2008)
GDP growth: 10.3% (2008 est.)
GDP per capita: $3,698 (2008)
7. Armenia comprises some of the world’s
most stunning mountain chains, valleys
and river gorges. The country is a flower
lover’s haven, with 3500 species thriving
on its mountainsides. 349 species of
birds migrate through Armenia en route
to Europe and Africa, several of which
are rare or endangered. The country is
also home to the rare Caucasian
leopard, mountain goat and ram.
The wide range and complexity of flora
and fauna in Armenia is truly astounding.
This tiny country is home to most of the
world’s ecological zones; half of the flora
found in all of Europe and two thirds of
its birds.
8. ARMENIA
Land of Rugged Beauty
Armenia comprises some of the world’s
most stunning mountain chains, valleys
and river gorges. The country is a flower
lover’s haven, with 3500 species thriving
on its mountainsides. 349 species of
birds migrate through Armenia en route
to Europe and Africa, several of which
are rare or endangered. The country is
also home to the rare Caucasian
leopard, mountain goat and ram.
The wide range and complexity of flora
and fauna in Armenia is truly astounding.
This tiny country is home to most of the
world’s ecological zones; half of the flora
found in all of Europe and two thirds of
its birds.
9. YEREVAN
The Cosmopolitan City
Yerevan, the capital of Armenia, is situated along the Yerevan, Armenia’s capital, is one of the
Hrazdan River. The master architectural plan for modern oldest cities in the world. It was
established in 782 BC by the Urartian
day Yerevan was drawn up by Alexander Tamanian from King, Argishti I. Today, it is a thriving
city, with the excitement, hustle and
1924 to 1926. According to Armenian tradition, the name bustle of a modern capital. Yerevan is
truly a fascinating place, with a fine
of Yerevan is derived from an expression exclaimed by balance of a fast-paced urban lifestyle,
Noah in Armenian while looking in the direction of Yerevan, and a keen sense to its history and
ancient roots. The city is currently
after the ark had landed on Mount Ararat and after the flood undergoing a major construction boom.
There are cultural events year round
waters had receded: “Yerevats” (it appeared). attracting tourists from all over the
world.
14. Modular kitchenettes
as well as fully
equipped larger suites
KITCHENETTE ROOM LAYOUT
15. PHILLIPS 24 INCH LCD FLAT SCREEN TV
HERMAN MILLER MIRRA CHAIR
VIEW TOWARDS SLEEP SYSTEM BED
WINDOW HIGH SPEED INTERNET CONNECTION WITH WI-FI
SIGNATURE BOLSTER CUSION
