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11 MARCH 2013

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Article from BTNews 11 MARCH 2013

Leonardo Hotels expansion

Israel’s largest accommodation company, Fattal Hotels, together with a consortium of international investors, have signed a binding agreement to acquire the entire share capital of the Queens Moat Houses (Germany) group of hotels.  Fattal mainly trades as Leonardo in both Israel and Europe.  Under the purchase 20 hotels, 15 of them Holiday Inns, four Best Western Hotels and one Queens Hotel become Leonardo.  The properties are located in Aachen, Baden-Baden, Berlin, Cologne, Düsseldorf, Frankfurt, Hamburg, Hanover, Heidelberg, Karlsruhe, Mönchengladbach, Munich and Wolfsburg.

“The investment is in line with our expansion plans – the hotels complement our existing Leonardo chain of hotels perfectly.  We still want to continue to grow and are negotiating further projects in major cities in Europe”, said CEO David Fattal announcing the deal last week at ITB, the German tourism show in Berlin.
 
With this new portfolio, Fattal Hotel Group grows to 85 hotels with over 16,000 rooms; 54 hotels and 8,449 rooms are located in Europe (Austria, Switzerland, Belgium, Hungary and Germany) and 31 hotels with 7,600 rooms are located in Israel. www.fattal-hotels.com

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