The Grand Brighton to receive refurbishment in £43.7m takeover

The Fattal Hotel Group, an Israeli company, is set to takeover The Grand Brighton Hotel following the company's securing of a £43.7 million loan from property lenders Leumi UK.

Already the owners of 250 hotels in 20 different countries, including the Midland Manchester Hotel and the Dilly in Picadilly, the Fattal Hotel Group is one of Israel's biggest hotel organisations. The company also has a number of in-house operations including NYX, Jury's Inn, and Leonardo Hotels.

Guy Vardi and Yaniv Amzaleg of the Fattal Hotel Group said: ''The five-star Brighton institution is the perfect fit for the company’s existing portfolio, with its easy access to local landmarks like West Pier, the Lanes and Brighton Palace Pier.

"We have big plans for the hotel and will now start planning the extensive renovation program. The Grand Brighton hotel is the 18th hotel we acquired in the last 12 months together with our institutional investors in the Fattal European Partnership, with a transaction volume of more than £696 million.”

The Grand Brighton refurbishment will see an update to the hotel’s 201 guest bedrooms. The hotel is immediately adjacent to the beach and is a short walk from the Royal Pavilion, the West Pier, The Lanes and the Brighton Palace Pier.

Relationship director at Leumi UK Liam Mullans said: “We are pleased to have been able to provide Fattal Hotel Group with numerous successful facilities over the years, and during that time we have developed a strong relationship which has helped us to better understand their goals and work more expeditiously to support their ambitions. That relationship helped us to execute this deal in a swiftly manner, with approval post credit taking just eight weeks.”

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