The Fattal Hotel Group has signed an agreement to acquire 12 hotels (1,522 rooms) in the Netherlands – a move that clearly indicates the Group’s intention to continue expanding its already considerable presence in the Benelux region. Five of these hotels, including the famous Eden Hotel, are in Amsterdam, with the remaining seven located in the cities of Rotterdam, The Hague, Eindhoven, Groningen, and Maastricht.
Fattal acquired the 12 hotels from KSL Capital Partners, which specializes in travel and leisure investments, in exchange for approximately €360 million. This strategic acquisition was made in the context of Fattal’s partnership with several leading financial institutions in Israel (Menora Mivtachim, Harel, Phoenix, Migdal, and Bank Leumi). The transaction is expected to be completed in Q3 2024, subject to conditions precedent. Fattal also anticipates investing an additional €45 million to renovate the 12 hotels.
Perhaps the highlight of this agreement is the exquisite Eden Hotel Amsterdam, offering 4-star superior accommodation by the Amstel River. Next to Rembrandt Square, the Eden has long been a popular choice for visitors seeking to immerse themselves in the authentic Amsterdam vibe.
Since the launch of Fattal’s partnership strategy in 2022, the Group has now acquired 40 hotels in Europe (approx. 6,200 rooms) in the 4 and 5-star range, with a total value exceeding €1.5 billion. This latest acquisition increases Fattal’s total hotels in the Benelux region to 28 and reinforces the Group’s position as an industry leader in this highly competitive market.
Guy Vardi and Yaniv Amzaleg, co-directors of M&A and Partnerships for the Fattal Hotel Group, commented: “These acquired hotels will benefit from the synergy at the heart of the Fattal Group, which enables guests to access a diverse portfolio of hotels in especially attractive locations throughout Europe and Israel. By acquiring properties in line with the Fattal standard of excellence, we aim to create an unparalleled hotel collection.”
Founded by David Fattal in 1998, the Fattal Hotel Group is one of the world’s leading and fastest-growing hospitality groups, with 292 hotels (approx. 52,000 rooms) across Europe, the UK, and Israel.