Fattal Holdings (1989) (TASE: FTAL), one of many largest lodge chains in Israel and Europe, will open eight new motels in Israel over the subsequent 12 months at an total funding of NIS 1.6 billion. The motels will add greater than 1,000 rooms to the chain in Jerusalem, Tel Aviv, Ramat Gan and Herzliya. On the similar time the chain is transferring ahead with three extra motels in Jerusalem, Tel Aviv and Eilat with 540 rooms. Fattal additionally has plans to construct new resort motels at Zion Sq. in Jerusalem, alongside the railway park in Tel Aviv and by the Lifeless Sea and Sea of Galilee.
Fattal has 66 motels in Israel (of which 45 are at the moment working) and over 240 motels in Europe with 53,000 rooms in 20 international locations.
Along with refurbishing, opening and constructing motels, Fattal has acquired the unique lodge The Jaffa in Jaffa for an estimated NIS 450 million. The lodge, till now owned by Aby Rosen and Michael Fuchs, has 120 rooms, a spa, swimming pool and chef restaurant, and is taken into account one in all Israel’s most luxurious motels.
The motels simply opened by Fattal are Bazaar Resort in Jaffa with 104 rooms, which opened in April, with an funding of NIS 90 million and the Nucha Resort in downtown Jerusalem with 86 rooms, which opened final month, with an funding of NIS 150 million.
Inns set to open are the Reception Resort in Tel Aviv, at Dizengoff Sq., with 75 rooms, which can open in September, with an funding of NIS 100 million. The Nordau Resort in Tel Aviv, will even open in September. The 22-room veteran lodge has been renovated at a price of NIS 65 million. The Yacht Resort in Herzliya Marina, with 327 rooms, will open in March 2026, after an funding of NIS 500 million. The Palatin Resort in Tel Aviv will open in April 2026 , after an funding of NIS 200 million, and the Leonardo Plaza Metropolis Tower in Ramat Gan will reopen in November 2025, after an funding of NIS 80 million.
Not solely Fattal is increasing
Regardless of the safety state of affairs and the influence on incoming tourism, the lodge trade in Israel continues to develop. Greater than 1,000 new lodge rooms will probably be added within the close to future, and builders aren’t hesitating to take a position. The Israel Inns Affiliation says there are 55,000 lodge rooms in Israel, of which 3,000 are inactive because of the safety state of affairs, which has led to a significant discount in incoming tourism. Nonetheless, over the previous 12 months, and opposite to all expectations, many builders have seen the potential. In keeping with the Ministry of Tourism, because the begin of 2025, greater than 700 rooms have been opened, some in new motels and a few as additions to present motels.
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Because the Covid pandemic after which because the outbreak of the warfare, the lodge trade has reported a transparent development: the massive chains which have lodge operations overseas proceed to construct and broaden, whereas small motels are struggling to outlive.
The Isrotel chain has additionally introduced main growth in Israel and overseas up to now 12 months. In 2025, the Isrotel chain deliberate to open 5 new motels in Israel and one lodge in Athens by way of its worldwide sister chain ALUMA. It additionally plans to construct seven motels in Israel inside 5 years. The chain at the moment operates 23 motels in Israel and three motels in Athens, and is anticipated to function 28 motels nationwide and over 5,175 rooms by the top of the 12 months.
In distinction, Dan Inns, which advantages from overseas tourism income, has been broken throughout the warfare. For instance, in a report back to the Tel Aviv Inventory Change (TASE) following the Iram operation, Dan reported a pointy decline in occupancy, cancellations, and lack of recent bookings. The corporate closed about half of its motels, put most of its workers on unpaid depart, and estimated that the destructive influence would proceed even after the operation ended.
Printed by Globes, Israel enterprise information – en.globes.co.il – on August 3, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
