Long time Lebanese businessman, Mr. Ezzad Eid is today, Tuesday, dedicating the ROYAL Grand Hotel, his most recent investment in Liberia.
President Ellen Johnson-Sirleaf is expected to cut the ribbon, officially opening the Hotel; while two plaques at the entrance of the hotel will be unveiled by the Ministries of Information, Culture and Tourism and State for Presidential Affairs.
Today's dedicatory ceremony comes as Liberia prepares to host several world leaders, including Prime Minister David Cameron of Britain for a conference on the Millennium Development Goals, the MDGs.
According to a Foreign Ministry press release, Mr. Eid, also current President of the World Lebanese Cultural Union, has expressed thanks and appreciation to President Sirleaf and the Government for providing the enabling environment for investors to do business in Liberia.
"I want to thank President Ellen Johnson Sirleaf and the Government for the encouragement and continued support to investors," he said, adding that policies initiated by government have given him and others the encouragement to invest in the country.
"I keep investing in this country because I consider Liberia my home," he said, noting that he has a third generation of children here.
When asked how he succeeded over the 11 years he had run the old hotel, Mr. Eid said, "This is clear evidence of our hard work and government's support to us doing business in Liberia. We must thank them for all the support given us over the years."
According to the release, the new ROYAL Grand Hotel, designed with Jerusalem Stone, an Aluminum Facing with Roman Pillars at its entrance has a total of 60 exquisite furnished rooms. The hotel is equipped with central air-condition, a revolving entrance door, and two guest elevators and one service elevator.
Also included in this glamorous new hotel are conference room facilities for 60 persons, a media center equipped with modern multimedia setup, office for secretarial services and a business center. ROYAL Grand Hotel's Chief Executive Officer, Wael Hariz, noted that there are plans to initiate the second phase of the project later this year.
He disclosed that Mr. Eid originally built the structure as an apartment building in 1987; but decided to lease it to a Spanish businesswoman who remodeled it into hotel rooms. In 2002, Mr. Eid repossessed the building and turned it over to a management team that continued running the facility as a hotel.