Israel's Fattal Chain Acquires 20 Hotels in Germany for Some NIS 1.5 Billion

Fattal owner and CEO David Fattal said he became interested in the hotels because of their synergy with the chain’s existing properties in Germany.

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The Fattal hotel group and a group of investors said on Wednesday that it was buying QMH, which owns 20 hotels in Germany, from Goldman Sachs for around NIS 1.5 billion.