International Hotel Investments plc – Information to maintain a fair market

International Hotel Investments plc issued the following Company Announcement:

The Chairman and senior management of International Hotel Investments p.l.c. (IHI) yesterday provided stockbrokers and financial analysts with an insight into the company’s continued commitment to expand internationally as they outlined IHI’s activities, strategy and future plans.

During the first of a series of information meetings organised by the Malta Stock Exchange for listed companies, the IHI officials presented a comprehensive overview of the company’s business as investors, developers, project managers and hotel operators.

The IHI officials 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 reiterated the company’s commitment to ensuring these properties are among the very best in the hotel industry.

IHI owns and operates luxury hotels in Malta, Budapest, St Petersburg, Prague, Tripoli, Lisbon and London, as well as owns the Corinthia Hotels management and brand.

It was also announced 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 per cent shareholder – has been leased for a period of two years. 

To view the official Company Announcement, click here.