FATTAL HOTELS BUYS APOLLO HOTELS IN THE NETHERLANDS

Fattal Hotels, the parent company of Leonardo Hotels, has acquired the 13-hotel European Hotel Management BV, owner of the Apollo Hotels Portfolio. The hotels, which are a mixture of operating leases and freehold properties, are located in the Netherlands, in cities such as Amsterdam, the Hague, Utrecht and Groningen. Not included in the transaction is the Thermae 2000 resort near Maastricht, which the founders of Apollo Hotels plan to operate and expand in the future.

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