Fattal Hotels raising more funds to develop its European portfolio
Fattal Hotels has completed a €315 million fund raise for the purchase of new hotels in Europe in the coming year.
Source: hospitality-on.com
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Fattal sells, leases back two Munich hotels
Fattal sells, leases back two Munich hotels The deal will generate cash flow of NIS 130 million for the Fattal group, which has reopened its hotels in Israel. Fattal Properties (Europe) Ltd. announced today that it had signed sale and leaseback agreements on two hotels in Munich: Leonardo Hotel & Residence Munich and Leonardo Hotel Munich City West, for €77 million (NIS 305 million, of which NIS 16 million is earmarked for renovations). In addition, Fattal's management company in Germany, Sunflower Management GmbH & Co. KG, has signed a lease agreement with the buyers whereby the two hotels...
Source: globes.co.il