Fattal Hotel Group, Israel’s largest hospitality organization, acquired the operating business of, and a long-term lease in respect of, four Grange hotels in central London from real estate investment firm Queensgate Investments for £1bn. David Fattal, Chief Executive of Fattal Hotel Group said: "The Fattal Hotel Group is very happy to become active in central London, with the operation of four significant and highly regarded hotels. The four hotels will undergo an extensive renovation plan and will be flagged by our Leonardo Royal and NYX brands. We thank Queensgate for their trust and partnership."