fattal hotels
Pandox Acquires The Midland Manchester in the UK for for £115 Million ($151.3 Million)
Pandox | October 15, 2018
Pandox AB (publ) ("Pandox") has entered into an agreement to acquire The Midland Manchester, which is an iconic upper premium hotel with 312 rooms in the heart of Manchester in the UK. The transaction is made with Fattal Hotels Group ("Fattal") as operating partner, whereby Pandox, following a legal reorganisation, will retain the property and the hotel operations will be transferred to Fattal. The total transaction value amounts to approximately MGBP 115, whereof the value of the hotel property amounts to MGBP 102, corresponding to approximately MSEK 1,210. The acquisition is expected to be financed by a new bank loan and existing cred...
Fattal Hotels Acquires the Apollo Hotels
Fattal Hotels | August 16, 2018
13 Hotels will be integrated into the Leonardo Hotels portfolio; the group now operates more than 150 hotels across Europe in 85 destinations Tel Aviv/Berlin, 16. August 2018: The takeover of 13 Apollo Hotels in the Netherlands by the Israeli hotel group Fattal Hotels, which was announced at the end of June, is sealed. The Fattal Group and the former owners of Apollo Hotels, European Hotel Management B.V., have now officially completed the transaction. The portfolio of Leonardo Hotels, the European division of the Fattal Hotel Group, thereby increases to over 150 hotels in 85 destinations. This amounts to over 28,000 rooms and 800 meeti...
Leonardo Hotels Opens 180-Room NYX Hotel Madrid, Marking Brand’s Third Hotel in Europe
Fattal Hotel Group | April 17, 2018
Berlin/ Madrid, April 17, 2018: After an intensive period of reconstruction and renovation, Leonardo Hotels is opening its third lifestyle hotel in Europe. Excellently situated in the banking and business district of the Spanish capital, the NYX Hotel Madrid has a refreshingly different look. The hotel's 180 rooms on six floors are now available to all travellers. The absolute highlight is the rooftop pool, which is surrounded by works of art from the Madrid art scene and will be open for relaxation starting in June. The hotel group invested more than 10 million euros in this attractive expansion of its portfolio. The hotel's colourful ...
