Leumi UK Finances €38.6 Million Refinancing for Fattal Hotels Group

Leumi UK has extended a €38.6 million loan to Fattal Hotels Group to support the refinancing of three key hotels in Italy: the Leonardo Hotel Verona, Leonardo City Centre Milan, and Leonardo Boutique Rome Termini.

Molly Katz, CFO of Fattal Hotels Group, expressed enthusiasm about the continued partnership with Leumi, highlighting their commitment to advancing the hospitality sector in Italy. Katz noted, “Our collaboration with Leumi showcases their trust in our vision and dedication. Italy remains a strategic focus for Fattal, and we are eager to explore new growth and expansion opportunities in this dynamic market.”

Liam Mullans, Relationship Director at Leumi UK, commented on the complexity of the deal, stating, “The transaction was intricate and required extensive legal expertise and effort to reach completion. Our team’s dedication, coupled with the borrower’s strong market presence and track record, enabled us to successfully navigate the complexities and achieve a favorable outcome for both sides. We are keen to track the progress of this deal and look forward to future collaborations, particularly given the robust state of the hotel market.”

Fattal Hotels Group’s Italian portfolio also features the NYX Hotel Milan, Leonardo Hotel Lake Garda, and the newly acquired NYX Hotel Rome (formerly Cicerone Hotel).

David Middleton, Legal Counsel at Leumi UK, added, “The structuring of this deal involved numerous components and cross-border regulations, necessitating a high level of expertise. It was a pleasure to work with the sponsor and their teams, and the successful completion of this complex project has further solidified our partnership with Fattal Hotels Group.”

In the previous year, Leumi UK provided £43.7 million to Fattal for the acquisition and refurbishment of The Grand Brighton.