Fattal Holdings announced plans to develop 12 new hotels in Israel by 2030, adding more than 2,000 rooms to its portfolio, according to ad-hoc-news.de. The expansion includes projects in Tel Aviv, Eilat, Jerusalem, and a water park at the Dead Sea. Fattal currently operates 329 hotels with 58,000 rooms across 22 countries. Leonardo Hotels is the largest brand in its portfolio by property count.
Fattal Holdings Posts Strong Q2 2026 Financial Results
Fattal reported a 42.53% increase in revenue to ILS 1.90 billion in Q2 2026, up from ILS 1.33 billion in Q1 2026, according to Investing.com. Net income rose to ILS 140.98 million in Q2, reversing a
loss of ILS 316.34 million in Q1. Diluted earnings per share for the quarter reached ILS 8.51. The company generated ILS 293.31 million in operating cash flow and incurred capital expenditures of ILS 85.18 million during Q2.
Initial Hotel Openings Scheduled for 2027
The development rollout begins with three hotel openings scheduled in 2027. The Palatin Hotel in Tel Aviv is set to open in March, followed by the Lilinblum Hotel, also in Tel Aviv, in April. The NYX Hotel in Jerusalem is planned to open in June 2027. These openings provide key milestones within the broader multi-year expansion plan stretching through 2030.
Portfolio Size and Market Position
Fattal Holdings operates
a portfolio of 329 hotels containing 58,000 rooms across 22 countries. The company’s market capitalization stood at ILS 10.6 billion as of October 15, 2026. The staged development approach spreads capital investments over several years, supporting sustained growth beyond existing assets. The combination of accelerating revenue and a detailed hotel pipeline positions Fattal with a clear expansion trajectory and market visibility.
