Another chapter in the life of the infamous Phantom of the Opera, as penned by Gaston Leroux, continues when he leaves Paris and moves to Malta in search of a new beginning. Clothed in secrecy, he purchases The Royal Opera House in Valletta, which has been destroyed by a devastating fire. In an attempt to bury the pain of his past, the burned-out shell becomes his new obsession. He is determined to resurrect the structure from ashes and return it to glory.

To raise funds for his task, he holds a masquerade and encounters a strange woman who prophesies his destiny of undoing and death. Her words haunt the Opera Ghost, but he continues on his path of restoration. After years of hard work, the gala reopening occurs. The Phantom is convinced he has reached the pinnacle of success in his life. He rests in peace over his accomplishments.

For sheer amusement, he takes on a new student, which leads him down a path of romance, mystery, and danger. His fortune unfolds before him, and he discovers he cannot hide from those who seek retribution for his former sins. He is forced to reap the consequences and comes face-to-face with his darkest demons and fears. In the end, his insatiable hunger for beauty is challenged to the core. Will he survive the obstacles he encounters or will this finally be his undoing and death?