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«Multi Wellness» Reopens as «Yerevan Wellness»

News | 2026/07/31 21:00

«Multi Wellness» Reopens as «Yerevan Wellness»

Gagik Tsarukyan's sports complex has reopened under the control of the city hall

Businessman Gagik Tsarukyan has reopened his sports complex, previously known as «Multi Wellness», now renamed «Yerevan Wellness». This was announced today by Yerevan Mayor Tigran Avinyan:

The complex ceased operations in early July when the leader of the Prosperous Armenia party was arrested. The city hall announced the termination of the land lease agreement with Tsarukyan:

Tsarukyan had leased the complex's territory until 2065, but now the city hall has taken over not only the land but also the buildings constructed on it:

Arman Piroyan, director of the «Multi Wellness» company, stated that his company cannot continue its business as the city hall has not returned their property and investments:

By the end of the day, the Prosecutor General's office announced that the Ararat brandy-wine-vodka factory belonging to Tsarukyan's family has been transferred to state management:

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