Giorgio Armani issued a denial earlier there was information if you plan to build a hotel under his name in the North Caucasus. «Armani Group categorically states that all reports of intentions to open the Armani Hotel in the Russian Caucasus are groundless," - said on the official press release at home. For those who missed it, we recall that in late January, "Kommersant" said the company plans to Giorgio Armani to settle in one of the resorts of Caucasian Mineral Waters. As grounds for the design of the hotel supposedly considered the city of Kislovodsk, Yessentuki, Pyatigorsk and Zheleznovodsk. The total investment in the project, according to the newspaper, was $ 150 million.