Fattal Hotels, owner of the Leonardo Hotels chain, has signed the purchase of five hotels owned by the investment fund KKR and operating under the Alua Hotels & Resorts brand, now part of the Hyatt Hotels portfolio.
In 2015, the British fund Alchemy bought the Majorcan hospital chain Marina Hotels, which thus became Alua Hotels & Resorts, a holiday chain that began its journey with five hotels and some 1,200 rooms.
In 2017, the five properties of another Majorcan chain, Intertur Hotels, were integrated under the same brand, following the purchase operation by the American fund KKR, which had kept them in its portfolio until now.
These last five assets are those now acquired by Fattal:
- Alua Palmanova Bay
- Alua Hawaii Mallorca & Suites
- Alua Hawaii Ibiza
- Alua Miami Ibiza
- AluaSun Miami Ibiza Apartaments
Together, these properties have a total of 1,119 rooms in two hotels in Mallorca and three in Ibiza.
Fattal Hotel Group has a portfolio of almost 230 hotels. In Europe, the group is present in almost 20 countries, including Germany, Austria, Switzerland, Poland, the Czech Republic, Hungary, Spain, Italy, the United Kingdom, Ireland, the Benelux countries and Israel.
In the Spanish market, Leonardo Hotels currently manages a portfolio of nine hotels, so with the addition of the five Alúa hotels, Fattal would now have 14 hotels in Spain. In addition, the company has announced that it has raised €315 million to buy hotels in Europe, with Spain being one of its priority targets.
