Israel’s Fattal in talks to buy 22 German hotels for ¤300m
22 January 2013, 05:03 AM
Tel Aviv-based Fattal Hotel Management is in advanced talks with the InterContinental Hotels Group to buy a portfolio of 22 Holiday Inn hotels in Germany for NIS1.5bn (¤300m), according to media reports.
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- German Sierra to build seven German hotels for IHG
- Interconti, VIY sign for 15 Holiday Inn Express in Russia
- Louvre Hotels gets ¤2.5bn from China’s ICBC to finance expansion
- Accor sells UK hotels as part of asset restructuring
- Qatar sovereign to pay ¤330m for Paris Interconti Grand
- Apollo pays ¤425m for 18 Ivanhoé Cambridge hotels
- Australian Toga, Singapore’s FE Orchard in Asia-Pacific, European hotel JV
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