Fattal Fund buys Belgium hotels

Investors in the fund include Delek Belron, Migdal and Mivtachim.

By SHARON WROBEL
August 29, 2007 08:24

The Fattal Fund, launched this year by David Fattal to make hotel investments in Europe, said it bought two three-star hotels in Charleroi in Belgium for €6.5 million. The acquisition raises the Fund's investments in hotels in Europe, including Berlin, Frankfurt, and Dresden to a total of 14. Within two years, investments into hotels in Europe are expected to more than double growing to a total of 30. Investors in the fund include Delek Belron, Migdal and Mivtachim.


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