Fattal Holdings announced plans to launch 12 new hotels in Israel by 2030, increasing its room supply by over 2,000 units. The expansion includes hotel projects in Tel Aviv, Eilat, Jerusalem, and a water park development at the Dead Sea.
Initial Hotel Openings Scheduled for 2027
The first three hotels in this pipeline are slated to open in early 2027. The Palatin Hotel in Tel Aviv is set to open in March 2027, followed by the Lilinblum Hotel in the same city in April. The NYX Hotel in Jerusalem is scheduled to begin operations in June 2027, offering investors clear development milestones.
Current Operations and Brand Profile
Fattal Holdings currently operates
329 hotels featuring 58,000 rooms across 22 countries. Leonardo Hotels is the company’s largest brand based on the number of properties. The expansion marks a strategic growth line extending well beyond the existing portfolio.
Q2 2026 Financial Performance Supports Expansion
Financial reports for the second quarter of 2026 underline the expansion’s foundation. Revenue surged to ILS 1.90 billion, a 42.53 percent increase from ILS 1.33 billion in the first quarter. The company recorded net income of ILS 140.98 million, reversing a loss of ILS 316.34 million in the prior quarter. Diluted earnings per share reached ILS 8.51, with operating cash flow amounting to ILS 293.31 million
and capital expenditures at ILS 85.18 million during the quarter.
Fattal Holdings carried a market capitalization of ILS 10.6 billion as of October 15, 2026. The announcement of the hotel pipeline followed shortly after this financial turnaround.
The staged rollout through 2030 spreads investment commitments and provides ongoing evaluation points. Achieving occupancy targets, managing capital spending, and executing project timelines will be critical to sustaining the company’s stock performance and growth ambitions.
