It reopened on March 22, 2000 as the Phoenicia Inter-Continental Beirut, following a $100 million restoration project to designs by architects Hellmuth, Obata + Kassabaum. Inter-Continental Hotels was reorganized as InterContinental Hotels Group in 2003, and the hotel's name was modified slightly, losing the hyphen and becoming the Phoenicia InterContinental Beirut. In July 2003, a third tower, the Phoenicia Residence, consisting of 35 luxury apartments, was opened. The Phoenicia was damaged in the 2005 bombing assassination of Rafik Hariri in the street out front and closed for three months for repairs. In 2011, it underwent a US$50 million revamp that coincided with its 50-year anniversary. In 2012 it was rebranded as the Phoenicia Hotel Beirut, though it is still a part of the InterContinental chain. The hotel closed on August 5, 2020, due to damage from the 2020 Beirut explosion the previous day.