The opening of Ramallah’s first five-star hotel will mark another small step in the West Bank town’s steady march towards something resembling normal life.

But its sixth-floor executive lounge looks out on a panorama of unresolved issues that cloud the economic outlook — a built-up Israeli settlement on a nearby hilltop, a Palestinian refugee camp down below and the hazy skyline of distant Jerusalem beyond a grim separation wall.

The Movenpick Hotel Ramallah, a locally owned franchise of the Swiss-based chain, is aimed primarily at corporate clients and has been billed as yet another indication that the occupied West Bank is open for business.