Tag Archives | International Hotel Investments

Benghazi Grand Hotel Project to be Abandoned?

The €130-million redevelopment of Benghazi’s abandoned Qasr al-Jazeera Hotel -- formerly the Grand Hotel and Berenice Hotel -- will be abandoned if the owners are not given permission to demolish the building and replace it with a modern structure, reports Libya Herald. Joseph Farrugia, of the Malta-based Corinthia Hotel Group, has told Libya Herald: "We are […]

IHI raises revenue, despite Libyan storm

International Hotel Investments said today that it made a loss after tax of €10.7m last year, but despite the conflict in Libya, where it has a hotel, its revenues were still up. The group said the highlight of this year’s performance review was the conflict in Libya, where it has a hotel. "Ordinarily, one would […]