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 €616 million and an asset valuation of €1.97billion.

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 and project management. Corinthia Hotels Limited (CHL), IHI’s group management company, operates 21 hotels on four continents, 10 of which are Corinthia Brand hotels. Eleven new hotels are under development – in Italy, Riyadh, Dubai, Doha. Beverly Hills, Los Cabos, Turks and Caicos, Chengdu, Maldives 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 Real Estate Ventures (CREV), a wholly-owned subsidiary of IHI, has been established to crystallise our extensive development capabilities into a stand-alone company structure. CREV’s purpose is to source and execute real estate acquisition opportunities, and to carry forward projects on behalf of investors worldwide.

IHI is also the parent company of QP Limited – a professional services firm that provides design, engineering and management solutions in the built environment. IHI also owns significant land for future development in the Czech Republic, Hungary, Libya and Malta.

Board of Directors

Alfred Pisani photo

Alfred Pisani

Chairman of International Hotel Investments plc. He founded the Corinthia Group in 1962 and has guided the Group and IHI ever since, spearheading investment and growth across three continents over five decades.
Hamad Buamim photo

Hamad Buamim

Chairman of DMCC (Dubai Multi Commodities Centre)and former President & CEO of Dubai Chamber of Commerce. He serves on the boards of Dubai Islamic Bank, Deyaar Properties, and National General Insurance, and is actively involved in leading strategic initiatives and investments aligned with Dubai’s economic agenda.
Moussa Atiiq Ali photo

Moussa Atiiq Ali

Mr Atiq Ali is the Chief Executive officer (CEO) of Libyan Foreign Investment Company (LAFICO) since 13 June 2021. He has previously occupied the post of General Manager of Libya Africa Investment Portfolio (LAIP).
Joseph Pisani photo

Joseph Pisani

Founder director and member of the main board of CPHCL 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 IHI.
Richard Cachia Caruana photo

Richard Cachia Caruana

Joined the Board of IHI in 2022 as an independent director. He is Chairperson of the IHI Audit Committee and a member of 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.
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 several major financial, banking and insurance institutions.
Douraid Zaghouani photo

Douraid Zaghouani

Douraid Zaghouani is Chief Operating Officer of Investment Corporation of Dubai (ICD), Dubai’s sovereign wealth fund. He oversees Corporate Affairs, ensuring efficiency and optimal business performance. He serves on several boards including International Hotel Investments (IHI) since 2015, Dangote Cement, and SmartStream. Before joining ICD, Douraid spent over 25 years at Xerox, holding board, CEO, leadership, and transformation positions across Europe, North America, and globally. His last role at Xerox was Corporate Officer and President of Channel Partner Operations in New York, leading a $10 billion global business. A multilingual global citizen, delivering masterclasses at various universities, Douraid holds a civil engineering degree from ENTPE-Paris, and is a graduate in Business Administration from ESSEC-Paris.
Mohamed Mahmoud Shawsh photo

Mohamed Mahmoud Shawsh

Appointed to the Board of IHI in 2022. Mr Shawsh is the Chief Investment Officer at LAFICO, a role he assumed in 2021. Prior to this, he held senior roles within LAICO including responsibilities in finance risk management and board directorships in multiple locations. Mr Shawsh earlier worked with international companies, including BP Exploration Libya. Mr Shawsh has extensive experience in investment strategy, corporate governance, financial management, risk oversight, and digital transformation, with a strong focus on value creation and long-term portfolio performance. He holds a Bachelor’s degree in Accounting and Finance from the National Institute of Business Administration in Tripoli and a Higher 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

Simon Naudi is the Managing Director and Group CEO of International Hotel Investments PLC. Simon joined Corinthia in 1997 and was primarily responsible for asset management, acquisitions and developments. This included the acquisition, development and launch of the flagship Corinthia Hotel and Residences in London, and latterly, the expansion of the brand through investments, developments or operations in Europe, the USA, the Gulf and beyond. Up until 2023 he was also CEO of Corinthia Hotels Limited, the operating arm of the Group, a role he continues to oversee.

Company Secretary

Stephen Bajada photo

Stephen Bajada

Stephen Bajada is the Company Secretary of International Hotel Investments plc and its subsidiaries, bringing extensive experience gained since joining the Corinthia Group in 1998, where he has held key governance and administrative roles including Company Secretary of Mediterranean Investments Holding plc, Golden Triangle Plc, various Corinthia Group and IHI entities, and directorships within several subsidiaries. As company secretary he ensures legal compliance, maintains corporate governance, supports the board, and manages statutory records and shareholder communications. He is also responsible for insurance procurement across Group entities.

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