Clal Insurance join forces with PPHE Hotel Group in connection with a new hotel fund
Categories: Corporate and M&A, Real Estate
Clal Insurance has joined forces with PPHE Hotel Group in connection with a new hotel fund, which is to acquire hotels across city centers in Western Europe and aims to raise a total of NIS 1 billion to implement its strategy.
Netherlands-headquartered PPHE Hotel Group is an international hospitality real estate group with a £1.7 billion portfolio of primarily freehold and long leasehold assets in Europe
Herzog advised the Israeli insurance company, led by partner Itay Lavi, associates Moshe Minster and Roi Stauber.
