Fattal will renovate the Fattal Lev Hotel to turn it into a guest hotel.
Fattal Hotel Management Ltd. has bought the Petra Hotel in Eilat for NIS 20 million from its receiver. The 120-room hotel will house the company’s employees in the town, and will not be open to the public.
Fattal will renovate the Fattal Lev Hotel, which is currently used to house employees, and turn it into a guest hotel. The company currently manages sixteen hotels in Israel, eight of them in Eilat, and manages fifteen hotels in Europe.
Published by Globes [online], Israel business news - www.globes.co.il - on October 28, 2007
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