Fattal Holdings has announced a plan to open 12 new hotels in Israel by 2030, increasing its inventory by over 2,000 rooms. The expansion includes developments in Tel Aviv, Jerusalem, Eilat, and a water park project near the Dead Sea.
Fattal Holdings Posts Strong Q2 Financials
In the second quarter of 2026, Fattal Holdings reported revenue of ILS 1.90 billion, a 42.53% increase from ILS 1.33 billion in the previous quarter. The company posted a net income of ILS 140.98 million in Q2, reversing a first-quarter loss of ILS 316.34 million. Diluted earnings per share reached ILS 8.51 during the quarter.
Operating cash flow stood at
ILS 293.31 million, while capital expenditure totaled ILS 85.18 million in Q2, reflecting ongoing investments linked to its expansion agenda.
First New Hotels Scheduled to Open in 2027
The initial three hotel openings are slated for 2027. The Palatin Hotel in Tel Aviv is planned to open in March, followed by the Lilinblum Hotel, also in Tel Aviv, in April. The NYX Hotel in Jerusalem is scheduled to debut in June. These openings mark the first milestones in Fattal Holdings’ phased rollout through 2030.
Company Scale and Brand Portfolio
Fattal Holdings currently operates 329 hotels with a total of 58,000 rooms across 22 countries. Leonardo Hotels constitutes the largest brand in the company’s
portfolio by number of properties. The planned expansion will broaden Fattal’s presence in key Israeli cities while adding a water park facility at the Dead Sea.
Expansion’s Financial and Market Impact
The multi-year development approach underlines Fattal Holdings’ strategy for sustained growth and capital deployment beyond its existing base. With a market capitalization of ILS 10.6 billion as of October 15, 2026, the company’s stock performance is tied to the execution of its hotel opening schedule and continuing revenue growth noted in recent quarters.
