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Sliema’s Abandoned Savoy Hotel Will Be Sold At Auction 

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Sliema’s iconic Savoy Hotel, which is currently abandoned, will be sold at auction following a court decree. 

The hotel, which is a scheduled building, will be sold on 13th September with the starting price set at €2.8 million. The hotel is located at the top of Rue D’Argens.

 

The decision comes following a legal dispute after a minority owner failed to come to an agreement with Almo Properties and Exalco Group.

Exalco had acquired a part of the property, but could not complete its project with minority owners refusing to budge.

The former Savoy Hotel caught on fire in 2019 and has become a hotbed for illegal squatters, with the dilapidated scheduled building becoming a makeshift residence for drug addicts and the homeless alike.

It was once a prominent hotel in the area but has since fallen into disrepair. 

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Julian is the Editor at Lovin Malta with a particular interest in politics, the environment, social issues, and human interest stories.

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