JD Capital considers converting Msida hotel project into retirement home

Board explores alternative use for development

JD Capital plc announced on 22 August 2026 that its board has decided to explore changing the intended use of a property currently under development in Msida.

The property, located at Xatt tal-Imsida and Triq Clarence, is held by J&J Hotel Operations Limited, a wholly owned indirect subsidiary of JD Capital. It is currently being developed as a hotel.

Planning application submitted

J&J Hotel Operations has submitted an application to the Planning Authority seeking approval to operate the property as a retirement home instead.

JD Capital confirmed that the existing permits for the hotel development remain valid while the application is being considered.

Construction is continuing as planned, with completion still expected during 2027, in line with the Financial Analysis Summary published on 30 June 2026.

Financial forecasts remain unchanged

JD Capital said the proposed change in use does not affect the forecasts and projections included in its Financial Analysis Summary.

The Company also confirmed that its projected capital expenditure for the development during 2026 remains unchanged.

The proposed conversion is still subject to the relevant approval process, and JD Capital said it will issue further announcements as necessary.