The Valletta-based Von der Heyden Group is investing €154 million in the Bavaria Towers, a €380 million development consisting of three office towers and a hotel tower that will redefine the skyline of Munich.

The building shells for all four towers will be completed before the end of the year, while completion of the entire project is planned for the third quarter of 2018.

The Von der Heyden Group also owns the IBB Hotel Collection which operates hotels in Spain, Malta, Germany and Poland.

Last April, IBB announced the restoration and renovation of Senglea’s iconic Maċina to become the Cugó Gran hotel in Malta, opening shortly.

IBB Pjazza Merkanti in Valletta will be the second hotel in Malta when it opens its doors in January 2018.

Last week, the hotel chain opened its 11th and 12th IBB Hotels in Ingelheim and Paderborn. 

The IBB portfolio includes business and resort hotels in the three-, four- and five-star category.   

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