Fattal’s newest plan to open a hotel in Mahane Yehuda

Published on : Monday, March 19, 2018

Fattal’s newest plan to open a hotel in Mahane YehudaFattal Group founded in Beirut, Lebanon announced the construction of NYX Jerusalem Hotel which is scheduled to open in 2021.



The new hotel will be Fattal’s fourth addition in the capital of Israel, will be located in the heart of the Mahane Yehuda open air market as part of the 8.5-dunam (2.125-acre) Etz Haim site, which has residences, hotels, commerce, culture, and internal courtyards. According to tourism information, Jerusalem has more than 70% tourist arrival and Israel welcomed 3.6 million tourists in last year.



The hotel will be divided between two buildings with a total of 168 rooms, including 12 suites. One of the buildings will have 144 rooms, commercial space, and a bar on the roof.



The other building, which is designated for preservation, will have 24 rooms and public spaces, including a lobby, bar, restaurant, and an external balcony.



NYX Jerusalem Hotel will also have an underground parking lot, a fitness room, and a swimming pool.



NYX Jerusalem Hotel is designed by the architect Ian Bader from the Pei, Cobb, Freed & Partners firm. The same firm has designed Louvre museum in Paris in cooperation with the Barely, Coby Levitzky and Moti Kassif and Feigin architectural firms.



Fattal Holdings business manager Assaf Fattal, who is responsible for opening new hotels for the chain, said that NYX brand name will be Fattal’s newest lifestyle brand, provides a different, young, and cool experience.



The NYX brand includes another luxury hotel on Harakevet Street in Tel Aviv, and the NYX Herzliya Hotel is scheduled to open in 2019. The brand also has hotels in Prague and Milan in Europe, and will soon open a hotel in Madrid and another later this year in Munich. Additional hotels of the brand are slated for opening in Europe in 2019.



Fattal Holdings sought to lift NIS 340 million at a company value of NIS 3.4 billion, before money, obtained commitments from investment institutions to buy shares for NIS 900 million.



Fattal currently has 167 hotels with 32,000 rooms in 17 countries worldwide, including Germany, Spain, the Netherlands, Italy, Poland, England, Ireland, Scotland, Belgium, and Paphos in Cyprus.




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