FATTAL FORWARD PURCHASES MANCHESTER HOTEL

Israeli hotel owner and operator Fattal Hotels has entered into a forward-purchase agreement to acquire a planned 275-room hotel in Manchester’s Piccadilly area from developer Capital & Centric. Scheduled to open in 2021, the hotel will be operated under Fattal’s Leonardo brand. The acquisition comes after multiple deals that Fattal has completed this year, including the Midland Hotel, also in Manchester, and the Jury’s Inn Portfolio, both of which Fattal acquired in conjunction with Pandox AB.

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