The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Hotel / Restaurants Accommodation And Food Service Activities Accommodation 55.1 - Hotels and similar accommodation
100 jobs Number of planned job creations
Announcement Date
5 February 2014
Employment effect (start)
15 March 2014
Foreseen end date
30 June 2014
Description
San Antonio, an hotel subsidiary of the Seabank Group, announced it will be creating 100 new jobs following a 28 million euro investment which will lead to doubling the capacity of the hotel. During the past two years Seabank has invested a total of 68 million euro and is currently the parent company of the two largest hotels on the island.
The chairman of Seabank announced that Seabank’s expansion was made possible due to the introduction of low-cost airlines which has helped boost tourism. In August of 2012 Seabank created a further 175 jobs at Malta’s largest hotel, Hotel RUI Seabank.
Sources
5 February 2014: Malta independent
5 February 2014: Times of Malta
Citation
Eurofound (2014), Hotel San Antonio, Business expansion in Malta, factsheet number 76622, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76622.
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