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New Deal


Announced

Fattal to acquire six landmark hotels in Spain from KKR and Dunas Capital for €165m.

Financials

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Transaction Value£139m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Pending

Cross Border

Private Equity

hotel operator

Friendly

Spain

Single Bidder

Majority

Acquisition

Hotels and Motels

Real Estate

Synopsis

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Fattal, a hotel group, agreed to acquire six landmark hotels in Spain from global investment firms KKR and Dunas Capital for €165m. “This exciting acquisition reflects Fattal’s ability to identify strategic opportunities and complete transactions of significant scale with top-tier international sponsors and partners. It presents us with a rare opportunity to acquire a high-quality portfolio of assets, timed to capitalize on the potential for a near-term return to travel, as well as the hotels’ fantastic locations – which will remain in high demand for years to come. In addition, through effective management, branding, product enhancement, and targeted investment there is a significant opportunity to grow value and generate strong returns for our investors," Guy Vardi and Yaniv Amzaleg, Fattal.

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