Fattal Group, the owner of the European hotel group Leonardo Hotels UK & Ireland, has announced the acquisition of the historic Dilly Hotel in London, England, for an undisclosed amount.
Opened in 1908, the iconic Dilly Hotel is centrally located between Piccadilly and Regent Street in the heart of London and features over 280 rooms, indoor swimming pool, fitness and treatment rooms, and squash courts, along with seven meeting rooms and event spaces.
Leonardo Hotels UK & Ireland will commit £90 mln (€104 mln) for an extensive refurbishment programme of the asset.
Leonardo Hotels operate 52 hotels across the UK and Ireland. It is part of Fattal Hotels, an international hotel group, which owns and operates over 200 hotels in over 100 destinations, with plans to expand its global presence. In Europe it has over 150 hotels across Europe in 86 cities and 14 countries.
Most recently, Fattal Group acquired six landmark hotels in Spain for over €165 mln, with plans to invest €20 mln additional capital across the properties.
In addition, Leonardo Hotels Central Europe recently acquired nine hotels in Austria. Located in Vienna, Salzburg and Linz, the new hotels join the groups existing Leonardo Vienna hotel in the city's 6th district – positioning the Berlin-based hotel group as one of the biggest Austrian hotel operators, with 10 hotels and over 1,400 rooms.
Commenting on the Dilly announcement, David Fattal, CEO and Owner of the Fattal Hotel Group said: ‘We are delighted to add the Dilly, which is a stunning, high-profile hotel with a rich history dating back to the 1900’s, to our expanding group. We believe our portfolio, our strategy and the proven capabilities of our people puts our group in a unique position to leverage and capitalise on the emerging opportunities we see across the UK hotel sector.’
The Dilly will join the group’s collection of hotels in central London, which include Leonardo Royal Hotels at London City, Tower Bridge, and St Paul’s; and the NYX Hotel London Holborn.
