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Fattal Hotels has announced the acquisition of the leasehold of The Dilly in central London for £66.5m.
The group has operated the Grade II-listed property since 2022. The deal adds to a footprint of more than 320 hotels across 120 destinations, following 60 acquisitions across the continent in the last four years.
Recent additions to the group’s portfolio include Hotel Saint in London’s Aldgate, the acquisition of the Zien Group’s 12 hotels in the Netherlands and the purchase of the Cora Resort and Spa in Chalkidiki, Greece.
According to the group, The Dilly, which opened as The Piccadilly Hotel in 1908, is one of the capital’s “most prominent” assets. Located between Piccadilly, Regent Street and Air Street, the hotel comprises 283 guestrooms, including 28 suites, alongside restaurants, leisure facilities and event spaces.
The acquisition comes as the hotel undergoes a multi-million-pound refurbishment programme, which is expected to be completed in 2028. The phased redevelopment is being carried out while the hotel remains operational and will include upgraded guestrooms, dining venues and leisure facilities before the property is relaunched under Fattal’s Limited Edition brand.
CBRE advised Fattal Hotels on the transaction.
Guy Vardi and Yaniv Amzaleg, M&A directors at Fattal Hotel Group, said: “The Dilly occupies a key strategic location in the heart of central London and remains one of the city’s most iconic hotel assets. This acquisition represents another important milestone in our global expansion strategy. We are grateful for the continued trust placed in us by the investors of Fattal Partnerships, as reflected in the successful completion of this complex transaction following lengthy negotiations.
“This confidence was further demonstrated by the latest first closing of approximately €0.5bn (£0.43bn) for our third partnership launched within the past four years. We look forward to continuing to invest in and operate hotels across 21 countries throughout Europe, creating long-term value for our partners and stakeholders.”
Fattal Hotels has announced the acquisition of the leasehold of The Dilly in central London for £66.5m.
The group has operated the Grade II-listed property since 2022. The deal adds to a footprint of more than 320 hotels across 120 destinations, following 60 acquisitions across the continent in the last four years.
Recent additions to the group’s portfolio include Hotel Saint in London’s Aldgate, the acquisition of the Zien Group’s 12 hotels in the Netherlands and the purchase of the Cora Resort and Spa in Chalkidiki, Greece.
According to the group, The Dilly, which opened as The Piccadilly Hotel in 1908, is one of the capital’s “most prominent” assets. Located between Piccadilly, Regent Street and Air Street, the hotel comprises 283 guestrooms, including 28 suites, alongside restaurants, leisure facilities and event spaces.
The acquisition comes as the hotel undergoes a multi-million-pound refurbishment programme, which is expected to be completed in 2028. The phased redevelopment is being carried out while the hotel remains operational and will include upgraded guestrooms, dining venues and leisure facilities before the property is relaunched under Fattal’s Limited Edition brand.
CBRE advised Fattal Hotels on the transaction.
Guy Vardi and Yaniv Amzaleg, M&A directors at Fattal Hotel Group, said: “The Dilly occupies a key strategic location in the heart of central London and remains one of the city’s most iconic hotel assets. This acquisition represents another important milestone in our global expansion strategy. We are grateful for the continued trust placed in us by the investors of Fattal Partnerships, as reflected in the successful completion of this complex transaction following lengthy negotiations.
“This confidence was further demonstrated by the latest first closing of approximately €0.5bn (£0.43bn) for our third partnership launched within the past four years. We look forward to continuing to invest in and operate hotels across 21 countries throughout Europe, creating long-term value for our partners and stakeholders.”
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The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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