St Paul’s Bay Dual-Opportunity Site A rare, versatile development holding in a quiet residential pocket of St Paul’s Bay, steps from the beach and vibrant nightlife. The site comes with two fully scoped routes: Option 1 permits the creation of an approx. 45-room hotel with the potential to add two further floors, tapping directly into Malta’s year-round tourism demand. Option 2 offers a residential play, involving demolition of the existing townhouse, excavation of two basement parking levels, and construction of a ground-to-fifth-floor block plus a receded penthouse level, delivering a ground-floor 2-bedroom maisonette, 4 one-bedroom, 6 two-bedroom, and 4 three-bedroom apartments, crowned by a mix of 1- and 2-bedroom penthouses. Investors can pivot between hospitality income and strong residential capital growth in a single, superbly located site. Option 1 - Hotel Development Option 2 - Residential Development