VBL Group, Valletta’s leading real estate investment and hospitality group, is proud to announce the successful completion and subsequent handover to its hospitality business line of the historic Palazzo Stella Valletta property, located a stone’s throw away from Auberge de Baviere. This significant milestone marks the culmination of an extensive restoration and redevelopment project aimed at preserving the rich heritage of the property while transforming it into a premium hospitality offering.
“The Palazzo marks the second property within the Group’s current development cycle to have been completed, this together with the significant progress made on VBL’s largest project within the current development cycle means the Group is very much on track in converting a substantial part of its undeveloped portfolio into revenue generating property” commented Andrei Imbroll VBL Plc CEO.
Palazzo Stella Valletta, a gem of a property with outstanding sea views of the harbour’s opening, has undergone a meticulous restoration process that respects the building’s historical significance while incorporating modern amenities. “The project reflects VBL Group’s commitment to the preservation of Valletta’s cultural heritage and the enhancement of the capital city’s standing as a premier destination for both tourists and business travellers” the Group COO Stephen M Clough continues “this project highlights the Group’s vision. When one walks through the finished property they know they are in Valletta. For VBL, it’s imperative we give our guests an authentic experience – we want our guests to touch Maltese stone and marvel at traditional Maltese tiles, by giving an enhanced experience to our guests we truly believe we are showcasing the best of Product Malta”
The restoration of Palazzo Stella has been a labour of love by VBL Group’s dedicated team of architects, historians, and craftsmen working tirelessly to ensure that the building’s unique character and architectural integrity were preserved. Original features such as the ornate facades, grand staircase, and intricate stonework have been carefully restored, while the interiors have been redesigned to offer modern comfort and luxury.
The handover of Palazzo Stella to VBL Group’s hospitality division marks the beginning of a new chapter in the building’s intricate history. The property will now be managed as part of VBL’s growing portfolio of authentic luxury accommodation, offering an exclusive experience that blends Malta’s rich history with world-class service and amenities.
The completion of Palazzo Stella Valletta at the end of August is a testament to the Group’s unwavering commitment to Valletta’s future. The VBL Group believe that by preserving and revitalizing these historic properties, we are not only honouring our past but also investing in the future of our capital city. Palazzo Stella Valletta is more than just a building; it’s a part of Valletta’s soul, and we are excited to share its beauty and history with our guests.
VBL Group has been instrumental in the regeneration of Valletta, with numerous projects that aim to enhance the City’s appeal as a cultural and tourism hub. Palazzo Stella Valletta is the latest addition to this portfolio, and its opening is expected to attract discerning travellers seeking a unique and immersive experience in one of Europe’s most historic cities.
