Fattal Buys Its First U.S. Hotel, Testing an Asset-Heavy Model Against the Giants

Fattal Buys Its First U.S. Hotel, Testing an Asset-Heavy Model Against the Giants

The owner-operator of nearly 330 hotels is betting that its owner-operator model will win in the U.S. market, where other foreign entrants have stumbled.

Fattal Hotel Group acquires first U.S. hotel

Fattal Hotel Group, owner and operator of 329 hotels in 22 countries, including the flagship Leonardo Hotels brand, has signed an agreement to acquire The Blakely Hotel in Midtown Manhattan. The acquisition marks the company’s first hotel investment in the U.S. and a significant milestone in its evolution from a European hospitality operator into a global hotel group. Located on West 55th Street between Sixth and Seventh Avenue, the 117-room pro…