Corinthia’s controversial deed for the construction of luxury hotels and serviced apartments in St George’s Bay will be updated to reflect the concerns of stakeholders, Tourism Minister Konrad Mizzi has confirmed.

In a letter to Parliament’s National Audit Office Committee, Mizzi said he was retracting his original request to approve the deed.

“I am doing this in light of the fact that another notice will be presented and submitted in the coming days that will reflect the consultation and discussions held, including in the parliamentary environment committee,” Mizzi wrote.

Through the deed, Corinthia agreed to convert the Radisson Hotel into a business hotel and the Corinthia Hotel St George’s Bay into a luxurious six-star hotel that would cater for super-rich and high-spending tourists.

It also includes the lifting of a waiver in Corinthia’s original land deed that forbids residential development on the land, a move that will allow the hotel group to construct serviced apartments just as it has done in cities such as London and Dubai.

However, several stakeholders – including the Nationalist Party, the Malta Developers’ Association, residents and environmental activists – have warned the €52 million price tag Corinthia agreed to pay for the lifting of the waiver was way too low.

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Tim Diacono

Tim is interested in the rapid evolution of human society and is passionate about justice, human rights and cutting-edge political debates. You can follow him on Instagram or Twitter/X at @timdiacono or reach out to him at [email protected]