Qawra Palace Hotel has reported a 13.33 per cent increase in revenue for the period between April and September 2025, rising from €15 million to €17 million when compared to the same period last year. Management attributed the growth to “excelling” occupancy levels and “consistent good guest reviews.”

According to its interim financial statements, the 4-star hotel achieved an average occupancy rate of 96 per cent, while its average daily rate increased by seven per cent over 2024.

Qawra Palace plc is the holding company that owns the Qawra Palace Hotel, situated along the Qawra promenade. Its operations include constructing, maintaining, and upgrading facilities related to the hotel and leisure complex. Day-to-day management and operations of the hotel are entrusted to Mallard Co. Ltd.

During the period under review, the holding company generated €1.4 million in rental income and reported a profit before tax of €500,000. Its total assets stood at €98.9 million, slightly up from €98.5 million in March.

Since 2019, the Qawra Palace had been undergoing a major upgrade and extension with a total investment of €40.6 million. The extension included an additional 57 rooms on the overlying airspace of the hotel, together with a further 121 rooms which were build on an adjacent plot owned by Qawra Palace.

To support the redevelopment, the company issued €25 million in 5.25 per cent secured bonds in 2023, an offering that was oversubscribed ahead of schedule. Proceeds were used as outlined in the Prospectus: €16.4 million went towards repaying existing bank loans, €6.7 million was loaned to Mallard Co. Ltd to enhance the property and develop new amenities and catering outlets, while the remaining €1.9 million was allocated to general corporate purposes.