Fattal acquires a Zeus International's hotel brand
Fattal acquires a Zeus International's hotel brand
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Fattal acquires a Zeus International's hotel brand

The seller is Bain Capital that had purchased the property in 2017
RE+D magazine

The 4* hotel Principe di Lazise Wellness & Spa, Fattal bought from Bain Capital for €25 million (€197,000 per room) according to information from the consulting company HVS

Currently managed by Zeus International, the hotel is located between Venice and Milan on the slopes of the Alps on a lake of infinite natural beauty and one of Italy's most famous winter destinations on Lago Di Garda, outside the medieval village of Lazise in the north Italy

It has 127 rooms, a 2,000 square meter wellness center, a restaurant, a swimming pool and meeting rooms.

Bain Capital acquired the property in 2017 as part of its takeover of the Italian subsidiary of Heta Asset Resolution, a "bad bank" created by the now liquidated Hypo Alpe-Adria-Bank.

The Israeli hotel group Fattal Hotel, with a presence in the Greek market since 2019 under the Leonardo Hotels & Resorts brand, now has five hotels in Italy and a total of 214 in 18 countries in Europe and Israel. The group takes its name from the chain's founder David Fattal, who started his career as a waiter. 2009 was a landmark year as the company completed one of the largest deals in Israel's tourism industry with the acquisition of 12 units from Azorim, becoming the country's largest hotel chain.