International Hotel Investments plc - St George’s Bay Development

On 23 December 2018, International Hotel Investments plc issued a statement made by its Chairman Mr Alfred Pisani in connection with media reports relating to the Group’s proposed development in St George’s Bay.

The statement reiterated IHI’s vision to redevelop the Corinthia Hotel St George’s Bay into a six-star resort as well as to develop two luxury serviced residential blocks. Furthermore, the statement noted that the Marina Hotel and the Radisson Blu St Julian’s will both remain operational until such time that more definitive plans are made by the Group in the years ahead.