Grands Suites Hotel – Residence & Spa Managing Director Marvin Spiteri on Wednesday celebrated the completion of a “massive” €45 million investment, when the hotel and its management were also visited by Prime Minister Robert Abela.
“We are very proud of the completion of this €45 million investment project,” he said. “We are now looking forward to offering a quality tourism product to all those who choose to visit the beauty that our country has to offer,” Mr Spiteri added.
The Grands Suites is a 231-room hotel that offers alternative hospitality solutions, with each room fitted to include kitchen facilities, as well as laundry service present on each floor so that residents can live in a home away from home.
On Dr Abela’s part, he praised the Maltese entrepreneur as well as the hotel’s workers for showing confidence in Malta’s tourism and hospitality industry.
He remarked that Malta’s tourism industry is further bolstered by the number of visitors to the islands between January and November 2022, reaching roughly 2.2 million tourists according to the National Statistics Office, “which show a strong sense of optimism for the time to come”.
The initiative is a €325 million Unsecured Euro Medium Term Bond (EMTN) Programme, officially launched by the bank.
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