February 03, 2014

Gornitzky represents Fattal in the opening of a new Tel Aviv business hotel.

Gornitzky & Co. represented Fattal Hotels Ltd. in an agreement with Amot Investments Ltd. (TASE: AMOT) to lease a 9,200 square meter building in Tel Aviv, for the opening of a new business hotel.

Fattal will convert the building into a 190-room business hotel under the Leonardo brand at investment of NIS 50 million. The lease is for a total of 24 years and 11 months – after the conversion of the building over a period of one year, the 20-year lease will come into effect, with an option to extend the lease by four years.

Fattal Hotels Ltd. was represented by Shlomo Cohen (Partner) and Maya Hoftman.

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