The renovations will incorporate new furniture, interior décor, equipment and facilities.
The makeover project forms a part of the new management’s focus, with company sources refusing to disclose the cost.
The hotel was built 15 years ago and since then it had been a centre of dispute between businessman Kamlesh Pattni and state agencies, who staked their claim to the property.
In 2008 the Libyan government took over the hotel and its assets and sold to the Laico Group, a company with vast interests in hospitality business across the continent.