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.

In 2018, IHI had 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%Corinthia Palace Hotel Company Limited (CPHCL)
22%ISTITHMAR WORLD OF DUBAI
11%Libyan Foreign Investment Company (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 21 hotels on three continents,15 of which are (or are in the process of becoming) Corinthia Brand hotels. Five new hotels are under development – in Brussels, Rome, Bucharest, Moscow and Dubai. 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.
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. He is also Senior Independent Director and Chairman of the IHI Audit Committee.
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.
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.
Abdulnaser Ahmida photo

Abdulnaser Ahmida

Head of the Financial Analysis Department at Libyan Foreign Investment Company (LAFICO) where he also served from 1997 to 2007.
Abuagila Almahdi photo

Abuagila Almahdi

Vice-Chairman of Corinthia Palace Hotel Company Limited, nominated by the Libyan Foreign Investment Company (LAFICO). Mr Almahdi is Deputy Managing Director of Libyan Foreign Investment Company (LAFICO) where he is also the Chairman of the Investment Committee. Mr Almahdi holds a Masters in Finance, Accounting and Management.
Salem M.O. Hnesh photo

Salem M.O. Hnesh

Former Chairman and CEO of Asteris in Greece and Chairman and CEO of Libyan Greek Investment Company. He was appointed General Manager of LAFICO in August 2018. Mr Hnesh is a graduate in agricultural engineering from the University of Tripoli.
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.
Joseph J. Vella photo

Joseph J. Vella

Chairman of a leading law firm with his main areas of practice being company law and corporate matters. He is regularly mentioned in leading specialized publications as being one of the leading practitioners in Malta. Dr Vella also holds the position of Director on the boards of a number of major companies.
Winston V. Zahra photo

Winston V. Zahra

Chairman of the Island Hotels Group Holdings p.l.c. (IHGH) He was Managing Director of IHGH Group until 2009. Mr Zahra is CEO of The President’s Trust. Mr Zahra is also a director of Caritas and was a member of the Council of the University of Malta and Chairman of Volksbank Malta Limited.
Joseph Fenech photo

Joseph Fenech

CEO - Corporate and Finance, enjoys an acknowledged reputation in the hotel business, having been intimately involved in the Corinthia Group’s expansion and financial development over the past 31 years.
Simon Naudi photo

Simon Naudi

CEO - Operations and Development, joined the Corinthia Group in a senior executive role in 1997 and served as Director on the IHI Board from 2005 to 2015. He has been responsible for business development, particularly hotel and real estate acquisitions and development. Mr Naudi is also the CEO of Corinthia Hotels, IHI’s operating company.
Jean-Pierre Schembri photo

Jean-Pierre Schembri

Company Secretary, joined IHI in 2018. Mr Schembri occupied senior positions within the Maltese public service. He served at the Permanent Representation of Malta to the EU. He joined the European Union Civil Service in 2012 where he occupied the senior management positions within the European Asylum Support Office. While at EASO, he also headed the board secretariat of the agency.

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.