Back
Register for SMS Alerts
or enter your details manually below...
First Name:
Last Name:
Email:
Password:
Hometown:
Birthday:
Sorry, we couldn't find that email.
Existing users
Email
Password
Sorry, we couldn't find those details.
Enter Email
Sorry, we couldn't find that email.

IHI appoints Numis Securities to explore new financing options

Numis Securities is a boutique investment banking firm that offers financial advisory services on mergers and acquisitions, public bids, initial public offerings, and fundraising

matthew_vella
Matthew Vella
31 January 2017, 5:04pm
The Corinthia Budapest, one of the hotels owned by IHI
The Corinthia Budapest, one of the hotels owned by IHI
International Hotel Investments plc has announced that it has appointed Numis Securities to help the company explore financing options.

IHI, which runs the Corinthia Hotels, appointed Numis to search for potential capital-raising to enable IHI and its subsidiary developments and operating companies to take advantage of its growing pipeline of potential development project opportunities.

Numis Securities is a boutique investment banking firm that offers financial advisory services on mergers and acquisitions, public bids, initial public offerings, and fundraising. It caters to aerospace and defence, real estate, fast moving consumer goods, media, metals and mining, non-life insurance, oil and gas, retail, technology, and travel and leisure sectors.

In March 2016, Corinthia Finance plc released a €40 million bond issue while IHI plc released a €55 million secured bond in June 2016, secured by the Corinthia Hotel Budapest.

IHI, the publicly traded company of Corinthia, owns 11 five-star hotels in several countries as also offers hotel management services to third parties.

IHI recently acquired Island Hotels group, which ran the Radisson SAS hotel in St George’s Bay and Ghajn Tuffieha, and is now planning its own high-rise towers on the site of the Radisson SAS hotel at St George’s Bay.

In 2015, IHI had announced a six-star luxury hotel project, but without any hint of high-rise, which was expected to comprise a €400 million investment spread over the 76,000 square metres of land occupied by the Raddison and Corinthia hotels.

The Radisson was part of the collection owned by the Zahra family’s Island Hotels, the group acquired for €50 million by IHI plc.

matthew_vella
Matthew Vella is executive editor at MaltaToday.
DealToday
Latest Business News
Business Comment 09:09
European markets closed mostly in the red on Tuesday as investors digested corporate earnings and focused on latest developments in the Cata...
Business News 16-10
Treat your eyes with the world’s most technologically advanced automobile manufactures at the 45th Tokyo Motor Show 2017
Business News 16-10
A truck powered by Toyota-developed hydrogen fuel cells has completed the first part of a wide-ranging trial in the US, now it will actually...
Business Comment 16-10
Earnings, earnings, earnings!
Technology 13-10
Innovation summit hears of Malta’s potential to become a global prototype for innovative technologies