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CHAMPION OF THE DAY
Le Gray plans
$10 million expansion
Hotel building on
previous good performance
Le Gray Hotel will expand its premises, with an expected completion date of early 2017.
The expansion will include 16 new rooms on the first floor, including 12 suites. It will also comprise a ballroom with capacity for 400 people, in addition to two conference rooms, a screening room, a lobby, and an international restaurant.
Investment in the project is estimated at $10 million.
Georges Ojeil, General Manager, said that the hotel has had a good performance in the past few years.
Occupancy rates at the hotel are currently at 78 percent, with room rates ranging between $290 and $330.
Reported by Rania Ghanem
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Jul 11, 2016
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