Discover an exceptional investment opportunity in Cospicua, nestled within Malta's historic Three Cities. This extensive property comprises four interconnected townhouses and an integrated spa facility, complete with a swimming pool. Currently configured with 20 bedrooms and 30 bathrooms, the expansive 2300 sqm footprint offers significant potential for conversion into a luxurious boutique hotel, with plans envisioning 28 to 30 rooms, subject to necessary permits. The property is habitable, though certain areas require finishing. Its prime location affords stunning views and easy access to cultural landmarks. The potential for further vertical expansion promises even more spectacular panoramic vistas of the Three Cities skyline, enhancing its appeal as a premier destination.