The £3.5m refurbishment has taken two years to complete and seen the creation of new facilities as well as 25 additional jobs.
The hotel has been transformed in a three-phase refurbishment which included an extension along with the complete overhaul of its existing business centre.
A new two-storey event space has also been constructed.
“In 2015, we started a radical three-phase development plan to bring new life to the hotel,” said Allan Duncan, owner of Silverbirch Hotel.
“We knew in order for us to remain as popular as ever with our customers, we needed to invest and keep modernising the hotel.”
The family-run business employs 120 staff and will celebrate its 40th anniversary later this year.
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The refurbishment aims to increase Silverbirch’s share of the business event and wedding markets.
“Our previous event space was dated, had a limited capacity and was in need of renovating,” added Allan.
“We completely demolished the space and started again, creating a two-floor event space.”
The ground-floor level is the hotel’s new event space for private hire and can hold up to 700 guests, while the first-floor banqueting suite can cater for weddings and dinners for up to 400 guests.
Robert McGill, business manager at Danske Bank, said the Silverbirch Hotel had been a mainstay in Omagh for almost four decades.
“The owners have invested heavily in the business over the past number of years and this is a key indication of their commitment to not only the sector but to the local area.
“The hospitality sector remains one of the biggest contributors to our economy and this latest investment is proof that local businesses still continue to thrive during difficult times.”