Fattal Holdings announced plans to open 12 new hotels in Israel by 2030, adding more than 2,000 rooms. The expansion includes hotel developments in Tel Aviv, Jerusalem, Eilat and a water park project at the Dead Sea.
Currently, Fattal Holdings operates 329 hotels with 58,000 rooms across 22 countries. Leonardo Hotels is the largest hotel brand within Fattal’s portfolio by property count. The new hotel openings will be phased through 2030, with the first three properties scheduled to open in March, April, and June 2027.
Fattal Holdings Reports Strong Q2 2026 Financial Performance
In the second quarter of 2026, Fattal Holdings recorded revenue of ILS 1.90 billion, up
42.53% from ILS 1.33 billion in the previous quarter. The company posted a net income of ILS 140.98 million in Q2 2026, reversing a loss of ILS 316.34 million reported in Q1 2026. Diluted earnings per share stood at ILS 8.51 for the quarter.
Capital Expenditure and Market Capitalization Linked to Expansion
Fattal Holdings reported operating cash flow of ILS 293.31 million and capital expenditure of ILS 85.18 million in Q2 2026. As of October 15, 2026, the company had a market capitalization of ILS 10.6 billion. The planned hotel expansions require sustained capital investment, which influences the company’s stock performance and valuation.
First Hotel Openings Scheduled as Milestones
The initial hotels in the
rollout include the Palatin Hotel in Tel Aviv, scheduled for March 2027, followed by the Lilinblum Hotel also in Tel Aviv in April 2027, and the NYX Hotel in Jerusalem set to open in June 2027. These openings represent key development checkpoints in Fattal Holdings’ multi-year expansion plan.
