Fattal Holdings announced a development pipeline of 12 new hotels in Israel to be completed by 2030, adding more than 2,000 rooms. The initial three properties scheduled to open are the Palatin Hotel in Tel Aviv in March 2027, the Lilinblum Hotel in Tel Aviv in April 2027, and the NYX Hotel in Jerusalem in June 2027.
Fattal’s Existing Portfolio and Brand Presence
Currently, Fattal operates 329 hotels with a total of 58,000 rooms across 22 countries. Leonardo Hotels represents the largest brand within its portfolio by number of properties. The company’s global footprint positions it as a major player in the hospitality sector.
Recent Financial Performance
Fattal Holdings
reported strong second quarter 2026 results with revenue reaching ILS 1.90 billion, a 42.53% increase over ILS 1.33 billion recorded in the first quarter. Net income for the quarter was ILS 140.98 million, reversing a first-quarter loss of ILS 316.34 million. Diluted earnings per share stood at ILS 8.51 in Q2.
Operating cash flow for the second quarter amounted to ILS 293.31 million, while capital expenditures totaled ILS 85.18 million, reflecting ongoing investment to support expansion plans.
Expansion Strategy and Market Implications
The hotel expansion schedule is spread through 2030, signalling a sustained growth agenda rather than a concentrated investment period. As of October 15,
2026, Fattal Holdings had a market capitalization of ILS 10.6 billion. The combination of strong quarterly revenue growth and long-term development projects underscores key factors likely to influence the company’s stock performance, including project execution, occupancy levels, and capital funding.
The announced hotels in Tel Aviv and Jerusalem provide concrete milestones for the expansion, allowing investors to track progress through targeted openings from March to June 2027.
