Who We Are

International Hotel Investments p.l.c. (IHI) is a hotel and real estate developer and operator.

Our main focus is to establish Corinthia Hotels as a global luxury hotel brand. To do this IHI acquires, develops, owns and operates Corinthia Hotels. The Company also develops and manages hotels on behalf of partner owners and investors, and builds, owns and develops for sale – office, retail and residential property.

IHI has an issued capital of €615 million and an asset valuation of €1.6 billion.

HISTORY & BACKGROUND

Experienced management has a close hands-on, family inspired approach and attitude

SHAREHOLDING STRUCTURE

58%CPHCL
22%ISTITHMAR
11%LAFICO
9%PUBLIC FLOAT

The roots of IHI go back to 1962 when Alfred Pisani and his family opened a fine-dining restaurant in Malta. Mr Pisani developed the restaurant into a hotel which opened in 1968 under the name Corinthia Palace Hotel Company Limited.

Subsequently, the Corinthia portfolio grew significantly in Malta and internationally. To consolidate its owned hotels, manage the Corinthia brand, and undertake related business acquisitions, International Hotel Investments p.l.c. was established as the Group’s publicly traded holding company in 2000.

OUR TIMELINE

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1968
  • Corinthia Palace Hotel & Spa, Malta was inaugurated by HRH Duke of Edinburgh.
1995
  • Corinthia St George’s officially opened.
1998
  • Corinthia Prague launched.
2003
  • Corinthia Budapest launched.
  • Corinthia Tripoli inaugurated.
2004
  • Corinthia Lisbon launched. (Acquired 2001 and opened after complete upgrade.)
2009
  • Corinthia St Petersburg inaugurated. (Acquired 2002 and expanded.)
2011
  • Corinthia London launched. (2008 Entered a development and acquisition agreement.)
2015
  • IHI acquired Island Hotels Group Holdings p.l.c. (“IHGH”). The business of IHGH includes the ownership, management and operation of the Radisson Blu Resort, St Julians and the Radisson Blu Resort & Spa, Golden Sands; retail and event catering business (Island Caterers Limited); Costa Coffee (Malta and Spain); and the Ħal Ferħ property (measuring 83,530m2).
2016
  • Acquired Corinthia Grand Hotel Astoria Brussels. The property is currently being redeveloped.
2019
  • Became shareholder of Global Hotel Alliance (“GHA”), the world’s largest alliance of independent hotel brands and operator of the award-winning, multi-brand loyalty programme, DISCOVERY.
  • Corinthia Moscow: Acquired a minority shareholding in a consortium to purchase this landmark property at 10 Tverskaya, Moscow. Hotel is in the stage of renovation and redevelopment.
  • The Reuben Brothers have acquired a historic property in the centre of Rome and entered into contractual arrangements with Corinthia Hotels to develop, lease and operate it as an ultra-luxury hotel.

Our Businesses

We do not buy trophy hotels; we create them and breathe life into them.

IHI owns and manages the Corinthia Brand. Its business consists in owning hotels and real estate, hotel management, development, project management and industrial catering. Corinthia Hotels Limited (CHL), IHI’s group management company, operates 24 hotels on three continents,15 of which are (or are in the process of becoming) Corinthia Brand hotels. Eight new hotels are under development – in Brussels, Rome, Bucharest, Moscow, Doha, New York, and Malta. In addition to hotel operations and ownership, IHI derives rental income from commercial, office and residential real estate in Budapest, London, St Petersburg and Tripoli.

Corinthia Developments International (CDI), a wholly-owned subsidiary of IHI originates and executes investments in real estate anchored by hotels and which are financed by third parties. CDI is currently engaged in securing investment, and planning development projects in Cannes, Malta, Rome, New York and Moscow.

IHI is also the parent company of QP Limited – a professional services firm that provides design, engineering and management solutions in the built environment; and Corinthia Caterers – a venue and event catering business, that acts as the franchise partner for Costa Coffee Malta, and Costa Coffee Spain. IHI also owns significant land for future development in the Czech Republic, Hungary, Libya and Malta.

Board of Directors

Alfred Pisani photo

Alfred Pisani

The Chairman of IHI. He founded and heads the Corinthia Group, IHI’s principal shareholder. The Corinthia Group is a leading international hotel developer, investor and operator, with interests in several countries.
Hamad Buamim photo

Hamad Buamim

President and CEO of Dubai Chamber of Commerce and Industry and serves as the Deputy Chairman of the World Chambers Federation – ICC - in Paris. He is a member of the Board of Directors of the UAE Central Bank, Chairman of National General Insurance and Board Member of Union Properties.
Moussa Atiq Ali photo

Moussa Atiq Ali

Mr Atiq Ali is the General Manager of Libyan Foreign Investment Company (LAFICO) since 13 June 2021. He has previously occupied the post of Manager Director of Libya Africa Investment Portfolio (LAIP). He also occupied the position of Legal Consultant at the Libyan Investment Authority (LIA).
Joseph Pisani photo

Joseph Pisani

Founder director and member of the main board of Corinthia Palace Hotel Company Limited (CPHCL) as from 1962, and has served on a number of boards of subsidiary companies. From 2000 to 2014 he has served as Chairman of the Monitoring Committee of CPHCL and IHI.
Richard Cachia Caruana photo

Richard Cachia Caruana

Richard Cachia Caruana joined the Board of IHI in 2022 as an independent director. He is also Chairperson of the IHI Audit Committee and the IHI Remuneration and Nominations Committee.   He has occupied senior positions within the Maltese government and the European Union. In particular, he was Malta’s Chief Negotiator for its EU accession negotiations, a long-serving Chief of Staff to the Maltese Prime Minister and Member of the EU’s Committee of Permanent Representatives. He is a former Senior Consultant with KPMG Malta, and a former main Board Director of the Central Bank of Malta, Air Malta p.l.c. and the Malta Development Corporation. Mr Cachia Caruana holds a Master’s Degree from the University of Malta and is a Fellow of both the UK’s Chartered Institute of Marketing and the Royal Society for Arts, Manufactures and Commerce.
Frank Xerri De Caro photo

Frank Xerri De Caro

Joined the Board of IHI in 2005, having previously been the General Manager of Bank of Valletta p.l.c., besides serving on the boards of directors of several major financial, banking and insurance institutions.
Douraid Zaghouani photo

Douraid Zaghouani

Chief Operating Officer of the Investment Corporation of Dubai (ICD). Prior to joining ICD, Mr Zaghouani was with Xerox for more than 25 years. During his career he held a number of senior general management, sales and marketing roles in both Europe and North America.
Mohamed Mahmoud Shawsh photo

Mohamed Mahmoud Shawsh

Mr Mohamed Mahmoud Shawsh is currently the Chief Investment Officer at LAFICO. Prior to taking up this position in 2021, Mr Shawsh occupied several senior positions within subsidiaries of LAFICO and International Companies including BP Exploration, Libya. He is experienced in digital transformation, financial investments and risk management. Mr Shawsh holds a bachelor’s degree in Accounting and Finance from the National Institute of Business Administration in Tripoli and a high diploma in accounting and finance, from the High Institute of Administrative and Financial Occupations, Tripoli.
Alfred Camilleri photo

Alfred Camilleri

Mr Alfred Camilleri, BA (Hons) Public Administration, M.Sc (Economics) has a long and varied career in statistics and in national and international financial, budgetary and economic affairs.  He was active in national and European economic and financial policy circles.  Additionally, he is a visiting lecturer at the University of Malta.  

Managing Director & Group CEO

Simon Naudi photo

Simon Naudi

Mr Naudi joined the Corinthia Group in a senior executive role in 1997 and most recently served for 12 years as CEO of CHL besides handling corporate roles in IHI. Over the years, he has also been responsible for hotel and real estate acquisitions and development as well as the expansion of CHL’s hotel operations in major cities, including landmark hotel projects in cities such as London, New York, Rome, Brussels. In his new role, Mr Naudi, who has also been nominated as a board member of IHI, he focuses on corporate, investment, ownership, financial and development matters while continuing to oversee all IHI’s companies.

Company Secretary

Stephen Bajada photo

Stephen Bajada

Since joining in 1998, Stephen Bajada has held several key positions within the Corinthia Group, including Company Secretary of Mediterranean Investments Holding Plc, a leading real estate developer in North Africa, Company Secretary of several Corinthia Group and International Hotel Investments Plc entities and directorships of a number of Corinthia subsidiaries.  His involvement also includes other facets of the business ranging from business administration to insurance procurement for all group entities. His journey with the Corinthia Group began after a successful tenure with the Malta National Tourism Organisation (NTOM) where he also represented Malta within the European Travel Commission Research Group. Mr Bajada holds a bachelor’s degree in business management from the University of Malta and is a member of the Forum of Company Secretaries.

GIVING BACK TO OUR COMMUNITIES

CSR INITIATIVES

The Company understands that it has an obligation towards society at large to put into practice sound principles of corporate social responsibility (CSR). It has embarked on several initiatives which support the community, its culture, as well as sports and the arts in the various locations where it operates.

The Company recognises the importance of good CSR principles within the structure of its dealings with its employees. In this regard, the Company actively encourages initiative and personal development, and consistently creates such opportunities.

The Company is committed towards a proper work-life balance and the quality of life of its work force and their families, and of the environment in which it operates.

Policies & Procedures