Fattal secures £43m loan for Grand acquisition

11th May 2023 | Jack Oliver

Israeli hotel group Fattal has secured £43m worth of financing from Leumi UK to help fund its acquisition of the Grand Hotel in Brighton.

In February, the group announced the purchase of the 201-bedroom, five-star seafront hotel, meaning that it now operates three hotels in Brighton, alongside the Leonardo Brighton Hotel and the Leonardo Royal Brighton Waterfront.

Fattal said it plans to make a significant investment to refurbish the hotel, which opened in 1864, while maintaining its status and title. The Grand saw a refurbishment in 2019 to restore some of its original design features.

The group was founded by former hotel waiter David Fattal in 1998 as a hotel management company. Fattal has since grown into a multinational group, operating over 50 sites across the UK and Ireland.

Cushman and Wakefield acted on valuation while DLA Piper acted as legal counsel for Leumi UK’s.


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