In 2009, the vacant land once occupied by Tanios Hotel was resold to Al Rayyan for Projects Development, a Qatari real estate venture, for an estimated $12 million (a handsome return for the Saudi investor). (Read more about Qatar’s investments in Lebanon)
A five-star hotel development is now well under construction.
The project licensing fees paid to the Aley Municipality were around $750,000.
With the new development, Hotel Tanios will keep its original name, and be paired with that of a global hotel management chain.
Built on a land area of 6,200 square metres, the hotel will be constructed on a surface area of about 4,500 square meters, with a 90-meter long façade overlooking Aley’s souk.
Hotel Tanios will consist of a 33,750 sqm built-up area comprising three underground floors, one ground floor, and eight above-ground floors with 156 rooms and suites.
The hotel will feature underground parking lots, pools, gymnasiums, along with other recreational facilities and host a cinema, ballrooms, and shopping malls.
Hotel Tanios’ new architects have pledged to pay tribute to its legacy and history – recalling its former heritage but with modern designs.