Fattal Fund buys Belgium hotels

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

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.