Fattal raises EURO 315 million to buy 30 European hotels
Categories: Capital Markets
Gornitzky represents Fattal Group, Israel’s largest hospitality group, in the establishment, alongside Israeli institutional investors, of a new investment venture for the establishment, acquisition and renovation of hotels in Europe to be operated by the Fattal Group, in an aggregate amount of up to Euro 1 billion. The initial capital commitments raised amounts to Euro 315 million.
Fattal currently sees an opportunity in the wake of the Covid pandemic to buy hotel assets at attractive prices, according to Fattal CEO.
The Gornitzky team was led by Partners Kfir Yadgar, Ori Yitzhak, Gila Ponte-Shlush, Avner Finkelstein, with Senior Associate Amit Ron and Associate s Lior Frank and Ori Gez.
