02 Aug 2017

Globes: Fattal buys 5 Scottish hotels

The Israeli hotel company now operates 76 hotels around Europe.

Fattal Hotel Management Chain Ltd. unit Fattal Properties (Europe) (TASE: FTEU) is continuing its expansion in Europe. The company, which has two series of bonds traded on the TASE notified the stock exchange that it has signed an agreement with a Scottish holding company to buy five hotels in Scotland for about £42 million (NIS 195 million). The deal was completed yesterday.

Read more here: http://www.globes.co.il/en/article-fattal-buys-5-scottish-hotels-1001199488