Fattal chain on the path to expansion: will open dozens of new hotels with massive investment
The Fattal hotel chain notes in its financial reports that it expects to open 41 additional hotels by 2030, with an investment of approximately 1.1 billion shekels. The company estimates that the new hotels will add about 300 million shekels to the annual EBITDA.
Fattal Holdings continues its expansion process and expects to open 41 additional hotels by 2030. As of the report date, the company operates 283 hotels, and the planned opening of the new hotels is expected to be carried out with an additional investment of approximately 1.1 billion shekels.
According to the company, the opening of future hotels in the coming years is expected to add about 300 million shekels to the annual EBITDA. At the same time, Fattal continues to expand its operations in the European market, with an increase of about 8% in the number of rooms and its market share in the European market. During the second quarter, the company also acquired its first hotel in New York.
Parallel to the expansion, the company continues to raise funds for the fourth partnership for investment in hotels in Europe. The scope of the fundraising is expected to be 800–1,000 million euros, with investment commitments of about 700 million euros already signed by 9 partners. In addition, about 140 million euros have passed the required committees, but the signing of the joining documents has not yet been completed. The company's share in the partnership stands at about 200 million euros.
Regarding the financial sector, Fattal's net profit in the second quarter amounted to about 142 million shekels, compared to about 121 million shekels in the corresponding quarter, an increase of about 17%. EBITDA amounted to about 478 million shekels after the effect of exchange rates, compared to about 463 million shekels in the corresponding quarter. Revenues amounted to about 2.1 billion shekels after the effect of exchange rates, and about 2.36 billion shekels excluding its effect.
The company updated its forecasts for 2026 following the decline in exchange rates and expects revenues of 7.8–8.1 billion shekels, including proportional consolidation, and an EBITDAR of 2.6–2.8 billion shekels. As of the end of June 2026, the company's equity excluding IFRS16 stood at about 5.7 billion shekels, fixed assets amounted to about 12.3 billion shekels, and the company's treasury held cash, cash equivalents, and securities held for trading in the amount of about 997 million shekels.
