A massive project at the former Jerma Palace hotel in Marsaskala, led by Gozitan developer Joseph Portelli, is up for sale although no planning applications have yet been submitted.
Social media was flooded with advertisements for the project with prices starting at €290,000 per unit. The project does not have a permit. However, it is a common practice for Portelli who regularly sell projects before they are even approved.
Direct Properties, Marlene Axiaq, DTX Projects and EstatesDirect are among those promoting properties. The Shift News attempted to elicit more information about the project from those promoting it. However, they said information was only shared in face-to-face meetings.
The former Jerma Palace Hotel in Marsaskala is set to be redeveloped into an eight-story hotel with 500 rooms, 130 residential apartments and a public plaza in front of St. Thomas’s Tower.
Behind the plans is Portelli, who previously said Malta weather it’s going to be a “wow-project, God willing”.
The complex will rise nine meters above St. Thomas Tower, as the development of the Jerma Palace Hotel is limited to 32 meters above sea level.
The original Jerma Palace opened in 1982 and closed in 2007. Since then, the building has been left derelict as many speculate about its future.
Portelli said the hotel will be operated by an international company but did not disclose the name.
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