Construction work has been earmarked to begin on a new high-end £27 million hotel at the former Harland and Wolff headquarters in Belfast.
The Belfast Telegraph reports that there are already plans to extend the size of the new development at a later date, while the hotel, which was originally planned to have 84 rooms, will now house 120 rooms, with the project expected to be finished in 2017.
It is also reported that as many as 250 jobs could be created during the building's construction, while the development could potentially be worth £27 million. with the development also including include attached areas for tourism.
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According to the Belfast Telegraph, the average room occupancy rate in Belfast increased by 2.4 per cent last year, rising to 74.1 per cent. The cost of rooms increased to almost £64 on average - up 8.2 per cent on 2014.