Luxury

Beirut Reclaims Nickname 'Paris of the East'

 

Beirut's café culture and arts scene made it the "Paris of the East" during most of the past century.

But all that changed with the 1975 civil war, which took the city out of tourist guidebooks and turned its downtown into a virtual no man's land. Despite a brief period of violence in southern Lebanon three years ago, Beirut has since regained its footing.

Le Gray Hotel has been part of Beirut's revival.

The city is undergoing a tourism revival. The downtown and waterfront Corniche areas are blossoming with boutiques from designers Versace, Elie Saab and Gucci. Restaurants are thriving as new additions La Plage at Café d' Orient, Centrale and Zinc attract local urbanites and well-heeled visitors. Beirut has even set its sights on hosting the 2024 Summer Olympics.

Tourism capital of the Middle East: Unlike the man-made sprawl of Dubai, Beirut is a working city with a textured past that's evident in its mix of Ottoman architecture and glassy, modern high-rises.

The airport has been undergoing an expansion and renovation. Finding a top-notch hotel will soon become easier when two Western chains open sites this summer, offering competition to boutique lodgings Hotel Albergo and the Monroe Hotel.

The first new hotel is Le Gray by British hotelier Campbell Gray, the owner of London's One Aldwych and Carlisle Bay in Antigua. The rounded limestone building is located inside Beirut's Gate development. It will house three eateries, including the upscale Cosmopolitan Restaurant, a glassy loft-style space that will feature black leather banquettes and samples from Gray's art collection. There will be a rooftop pool and bar that will offer weekend entertainment.

TheStreet Premium Services    For Personal Service: 877-471-2967

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
New: ETF Profits
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Doug Kass
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,912.86 1,353.82 2,926.57 20.52
Oil *
118.31
UP
28.91
UP
3.86
UP
10.71
UP
0.77
10 Yr
2.05%
SPDR Gold
168.88
+0.22%
+0.29%
+0.37%
+3.90%
Data delayed 20 minutes

Top Stories and Tools

Brokerage Partners

After the Bell

Before the Bell

Booyah! Newsletter

ETF Daily

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet