Our History & Background

Experienced management has a close hands-on,
family ownership approach and attitude

We are a family-inspired Company enjoying long-standing tradition and shareholding backing.

Corinthia was founded in 1962 by leading entrepreneur Alfred Pisani and his family, as a fine dining restaurant in Malta. The restaurant was expanded into a 152-room luxury hotel, inaugurated in 1968 and registered under the name Corinthia Palace Hotel Company Limited (CPHCL). In spite of limitations in capital and resources, the Corinthia portfolio grew internationally through keen acquisitions and developments financed by internally-generated funds on conservative debt to equity ratios.

In 1974, the Libyan Foreign Investment Company (LAFICO) acquired a 50% shareholding in CPHCL. In April 2000, CPHCL commenced a process to consolidate its owned five star hotels, its Brand and management set-up into a new company named International Hotel Investments p.l.c. (IHI) which was listed on the Malta Stock Exchange. In 2007, Istithmar World of Dubai, acquired a strategic shareholding by way of a further capital increase to fund a continued expansion.