International Hotel Investments plc - Company Update

Tuesday, February 16th, 2016

On 16 February, International Hotel Investments plc issued a company announcement following an information meeting with financial analysts organised by the Malta Stock Exchange. This meeting was the first in a series of other meetings which the MSE are organising for other issuers which are planned to be held in due course.

During this meeting, IHI provided an insight of the company’s activities, strategy and future plans and they re-iterated their continued commitment to expand internationally.

IHI also provided details of new projects being pursued for the development and management of new luxury Corinthia hotels in cities such as Dubai, Rome, Brussels and Abuja, where in some cases negotiations have advanced significantly in recent months and agreements are expected to be signed in the first half of 2016. The Chairman of IHI Mr Alfred Pisani reiterated the company’s commitment to ensuring these properties are among the very best in the hotel industry.

Moreover, it was revealed that the residential penthouse at 10 Whitehall Place, London – adjoining the Corinthia Hotel London and owned by NLI Holdings (in which IHI is a 50% shareholder) – has been leased for a period of two years.

Print This Page Print This Page