Three Star 130 Key Hotel St Julian’s Malta For Sale €45m
Location: Less than 1km to Portomaso Marina, St George’s Bay and Bay Street Complex, St Julian’s, Malta
Name: TBA
Guide Price: €45m
Guide Price per Key: €340k
No. of Keys: 130+
The Opportunity:
This newly built, modern-style hotel is located at St Julian’s, now a major residential and tourist centre, and home to some of Malta’s newest hotels.
It is an extension of Sliema although it started life as a small fishing port based on Spinola and Balluta Bays. St. Julian’s merges with Paceville, Malta’s main nightlife centre where there are clubs, casinos and numerous restaurants, cafes and bars.
Picturesque Spinola Bay is still used by fishermen whose traditional boats are housed just below the restaurants. The bay is particularly attractive at night and as a venue for open-air dining. The elegant Spinola Palace, built in 1658 by an Italian knight, Giovanni Spinola, is the landmark historic building on the bay. Another fine building with superb sea views is Villa Dragonara, now a casino, on the headland of St. George’s Bay.
The Bay Street Shopping Complex is just 500 metres from the hotel and offers guests a great mix of high street brands, quality independent shops, restaurants, services, family entertainment. It is open 10am until 10pm 7 days a week, so really a prime shopping and leisure destination.
Located in the heart of Malta’s premier tourist destination, St. George’s Bay, its unique blend of indoor & outdoor shopping, dining and leisure is complemented with a regular events & entertainment programme creating a lively atmosphere for families and shoppers all year round.
Although rated three-star, we believe this hotel is worthy of four-star status. TripAdvisor rate this hotel within the top 5 hotels in Saint Julian’s with a 4.5 Excellent rating based on 2,000+ reviews.
The Hotel has a luxuriously finished stylish lobby, reception desk, and an innovative theme bar extending to an entrance terrace, a breakfast hall, and a dedicated marketing and promotion desk. There is also a freshwater swimming pool surrounded by an attractive open air pool deck and an open pool bar.
The GM says “it’s a challenge to find direct competitors because there just aren’t very many three-star hotels in the vicinity, and definitely not ones that are offering the same standard as we’re striving to deliver.” Planned by architects Martin Xuereb & Associates, the design is clever and chic with a stylish yet timeless feel to the space. The height of the foyer has been exploited to maximise the feeling of space, light and air, while the public areas (the reception, library and business centre, lounge and bar, as well as the glassed upstairs breakfast area) are apparent and intertwined, with the language of the spaces open; evocative of the Maltese spirit of hospitality.
The property is 8 storeys with a footprint of 700 sqm. The hotel started as a guest-house way back and was rebuilt around 2012 to what it is today.
Flag & Management: Free to new owner
Current Owner: Private family – who can offer a sale and leaseback if requested by the buyer
Main Photo: The rooftop pool and bar at this hotel
Financials: 2019 accounts after submission of an EOI
Tenure: Freehold
Agent: Local agent in partnership with THPT
Date Posted: January 2022
THPT Comment: This exceptional hotel – rated three-star but thinks it’s five-star! Basic rooms are compact at 18 sqm, but the superior rooms and suites delight!
Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each week we mail the opportunities posted in that period, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all.
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market. For more information – Visit www.thpt.co.uk or email info@thpt.co.uk
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.
