FATTAL ACQUIRES FIRST HOTEL IN ITALY

Fattal Hotels has made its move into Italy with a hotel purchase in Milan. The Israeli group has acquired the four-star 130-room Hotel Hermitage in Milan city centre for €20.5 million from Italian publishing firm Monrif. The group is reportedly also on the cusp of signing a deal to convert and manage a further property in Milan, a 17,000 m² site adjacent to the city’s central railway station.

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