Orion and Corinthia form joint venture to buy Corinthia Hotel Lisbon

Published by
The Malta Business Weekly

Orion Capital Managers through its Orion European Real Estate Fund VI, has signed the fund’s first investment by entering into a framework agreement with International Hotel Investments  owner of the Corinthia Hotels Group portfolio and brand, to acquire and own 72 per cent of the five-star 517 key Corinthia Hotel Lisbon.

IHI, which currently owns 100% of the asset, will retain a 28 oer cent interest in the JV following completion and its subsidiary Corinthia Hotels Limited will continue to manage and operate the asset.

Corinthia Hotel Lisbon, the biggest five-star hotel in the city, just underwent a complete refurbishment to upgrade its 517 keys, 3,000 sqm award-winning spa, three restaurants to equally cater for business, leisure and MICE travellers.

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.

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