The forthcoming opening of a hotel in Lisbon and other development projects in Hungary, Romania and the United Kingdom represent 100 million euros of investment in Europe by the Israeli hotel group.
The Fattal Hotel Group, which owns a portfolio of 225 hotels in 20 countries around the world, continues to expand in Europe through the acquisition of new hotel developments and plans to open 20 new hotels in Europe by 2022. The chain's investments, which had largely focused on Germany and the United Kingdom, are now taking a new direction to strengthen its presence in other major European cities.
As a result, the opening of the group's first hotel in Portugal under the Leonardo Royal Hotels brand in Lisbon marks a major entry into a European capital where the group was not previously present. The new 130-room hotel rises to 10 the number of the chain's properties on the Iberian Peninsula. The upscale hotel will be built in a former convent while keeping the original façade. At the same time, the company has acquired two other properties: one in Budapest (Hungary) and another one in Bucharest (Romania), and has also purchased land in the centre of Liverpool (United Kingdom), where the group plans to build a 210-room hotel. The total investment associated with these three projects and the purchase of the property in Lisbon amounts to around €100 million.
Over the last 18 months, other European capitals and major cities have also seen new openings under the Leonardo Hotels brand: Leonardo Royal Hotel Amsterdam (490 rooms), Leonardo Boutique Hotel Rome Termini (81 rooms) and Leonardo Royal Hotel Venice Mestre (224 rooms). This year, the Leonardo Hotel at Zurich Airport (116 rooms) and the Leonardo Royal Hotel in Barcelona (204 rooms) are scheduled to open in March and at the end of 2020 respectively.
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