GIBRALTAR’S iconic Rock Hotel is set for an extensive multi-million pound refit after its owners decided against relocating.

The work – expected to be completed by 2014 – will include the upgrade of the four-star hotel’s 104 rooms and restaurant along with the addition of a new gym and spa to the 79-year-old building.

“When you consider the history of the Rock Hotel, the brand itself and its reputation, there was an overwhelming business case to stay put,” said John Perez, chairman of Bland Group International.

“Much of the Rock Hotel’s progress depends on the success of the new airport terminal, which demonstrates Gibraltar is fit for purpose, and marketing of the destination to business and tourists.”