The latest project by AX Holdings is aimed at creating a “prestigious” hotel in the heart of Sliema by next Summer, because Malta deserves quality in the tourism sector”‘ said AX Holding chairman Angelo Xuereb yesterday. The new five-star hotel by the name of The Palace was initially targeted as an extension to the four-star The Victoria Hotel, but Mr Xuereb said that from the group’s findings, it appears that more five-star hotels are needed in Malta.