Acquisitions & Hotel Openings

Former Vincci Granada Reopens as Leonardo Hotel Granada Following Acquisition and Conversion

BERLIN, DE./GRANADA, ES. July 17, 2017 - With the purchase of the Vincci Granada and its reopening as Leonardo Hotel Granada, the hotel group now has its first location in the popular Spanish tourist region of Andalusia. This brings up a total of six hotels belonging to the Leonardo Hotels in Spain.

Granada is especially popular with tourists because of its many historical sites and monuments and it is also an important industrial center. The takeover represents yet another step in the Leonardo Hotel's European expansion that reinforces its presence in the Spanish market.

The location in the heart of the city, close to the main railway station, makes the 4-star hotel extremely attractive: Tourist sites such as the Alhambra or the Albayzin Moorish Quarter are easily accessible from the hotel. Most of the 176 rooms also have a fabulous view of the Sierra Nevada. Beside the restaurant the hotel has two conference rooms with space for up to 100 people.

Daniel Roger, Managing Director Leonardo Hotels Europe: "Part of our company strategy is to open hotels in Spain's dynamic hotspots. So we are delighted now, after Barcelona and Madrid, to include Granada in our portfolio."

Hogan Lovells acted as legal advisor of Leonardo Group in the acquisition process.

About Leonardo Hotels

LEONARDO HOTELS is the European division of Fattal Hotels Group, founded by David Fattal in Israel. The Leonardo Hotels are present in Israel and Europe with over 120 hotels in more than 50 destinations. With more than 80 hotels in more than 40 destinations Leonardo Hotels is active on the European market since 2006, established in the 3-4 star superior category as well as equal level. Currently spanning Germany, Austria, Switzerland, Belgium, the Netherlands, England, Scotland, Spain, Czech Republic, Poland, Hungary as well as Italy, the hotel group with its 14,000+ rooms and over 25,000 m² of conference space offers places of well-being, that are characterised by their own regional character, local flair and their own design identity, addressing all individual needs. All according to the company’s credo of »feeling good«, providing 100% guest satisfaction. The company management for Europe is based in Berlin. The Leonardo Hotels umbrella brand is complemented by the »Leonardo Hotels«, »Leonardo Royal Hotels«, »Leonardo Boutique Hotels« and »NYX Hotels« brands.

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