Gornitzky & Co. represented Fattal Hotels Ltd. in an agreement with Amot Investments Ltd. (TASE: AMOT) to lease a 9,200 square meter building in Tel Aviv, for the opening of a new business hotel.
Fattal will convert the building into a 190-room business hotel under the Leonardo brand at investment of NIS 50 million. The lease is for a total of 24 years and 11 months – after the conversion of the building over a period of one year, the 20-year lease will come into effect, with an option to extend the lease by four years.
Fattal Hotels Ltd. was represented by Shlomo Cohen (Partner) and Maya Hoftman.
