Fattal Hotels Group Acquisition by Leonardo Hotels Completed

Leonardo Hotels Puts the Portfolio of Former Queens Moat Houses Holding GmbH Germany Hotels into Operation

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. April 10, 2013

Germany - April 10, 2013 - The takeover has begun - from the beginning of April, the 20 former hotels of the Queens Moat Houses Holding GmbH Germany, including 15 Holiday Inn Hotels, four Best Western Hotels and one Queens Hotel, were included in the portfolio of the Leonardo Hotels and put into operation. The hotels were acquired as part of Europe's biggest hotel deal in recent years by the Israeli hotel chain Fattal Hotels Group. The hotels are located in Berlin, Munich, Düsseldorf, Frankfurt, Cologne, Hamburg, Heidelberg, Wolfsburg, Mannheim, Hanover, Baden-Baden, Aachen, Mönchengladbach and Karlsruhe. The new portfolio includes more than 3,600 rooms, 28 bars, and 29 restaurants, as well as 154 conference rooms with a total area of 9,675 square metres.

The hotels perfectly complement the existing portfolio. Daniel Roger, General Manager of Leonardo Hotels Europe, says: »We are delighted to be able to add new locations and additional hotels to our existing destinations. With the acquisition, we are now present in 20 German cities. Thus, we can offer our guests an extended range - in the usual high Leonardo standard«. An extensive investment plan has been defined for the new hotel portfolio and is already being implemented this year.

Background: With this new portfolio, the Fattal Hotels Group grows to 84 hotels, with more than 16,000 rooms. Of this, 53 hotels and 8,449 rooms are located in Europe (Austria, Switzerland, Belgium, Hungary, and Germany) and 31 hotels with 7,600 rooms in Israel. With the acquisition of the QMH Germany portfolio, Fattal Hotels manages 44 hotels in 20 cities in Germany.

However, this is not enough. "We want to continue to grow and continuously negotiate projects in major European cities," explains David Fattal, CEO Fattal Hotels/Leonardo Hotels.

Through these new deals, the opportunity to further develop the exclusive brand »Leonardo Royal« has been created - the former Holiday Inn Düsseldorf City Centre-Königsallee, as well as the former Best Western Queens Hotel Baden-Baden, will be re-branded to Leonardo Royal Hotels. The leading interior designer Andreas Neudahm is responsible for the interior design of many Leonardo projects. He will be in charge of the reconstruction work of all hotels within the scope of the acquisition. It is therefore his special concern to create an individual and premium design style for both future "Leonardo Royal Hotels".

About Leonardo Hotels Leonardo Hotels make up the European division of the Fattal Hotels Group, founded in 1998 by David Fattal in Israel. Leonardo Hotels have been represented also on the European market since 2007, with more than 80 hotels in Israel, Germany, Austria, Switzerland, Belgium and Hungary. All across Europe, Leonardo Hotels are known for their superb locations in attractive destinations as well as for their distinctive ambience, individual design and atmosphere. Each Leonardo Hotel has its very own regional character that symbolizes the strong relation between the hotel and its location. The company headquarters Europe are in Berlin.

For more information on Leonardo Hotels visit www.leonardo-hotels.com.