Anna Lo MLA said: “This is great news that such a large amount of money will be invested in the Ramada hotel. The new jobs will be good news given the uncertainty in the economy. The more people we can attract to visit Northern Ireland to spend their money, then the better our economy will be.
“This investment shows that the tourism market in Northern Ireland and Belfast in particular, is increasing, which is good for the local economy.
“The fact that Lord Rana has stated that he was confident that there will be further growth in the hotel business just shows the good work done by the people in this sector.”