Fattal Resort Community Enters U.S. Market With Acquisition of The Blakely Resort
LONDON—Fattal Resort Community, owner and operator of 329 accommodations in 22 worldwide locations, including the flagship Leonardo Hotels designate, signed an settlement to assemble The Blakely Resort in Midtown Long island. The acquisition marks the corporate’s first resort investment within the United States.
The property is located in Long island’s resort and leisure district and is internal a rapid strolling distance of Central Park, Instances Sq. and Fifth Avenue. The resort, a pre-war structure, has 117 guestrooms, including 42 suites. Following completion of the acquisition, Fattal Resort Community plans to undertake a comprehensive renovation and repositioning program. The resort will remain closed at some point soon of redevelopment and is anticipated to reopen in mid-2027 below among the community’s present producers.
Statements From Management
David Fattal, founder of The Fattal Community, acknowledged: “Entering the U.S. market is a landmark 2nd for Fattal Resort Community, and a major strategic step in our endured world order. Original York is among the sector’s most important hospitality markets and the true residing for our first US property.
“Over time, now we include got constructed a solid presence all the absolute best device thru Europe’s leading gateway cities and established a diverse portfolio of hospitality producers that resonate with each and every substitute and leisure travellers. Rising into Original York represents the following chapter in our evolution into a world resort company.”
Ronen Nissenbaum, chief govt officer of Leonardo Hotels UK, Ireland, Benelux, Spain, Portugal and U.S. Trend, acknowledged, “It’s important that our first U.S. resort is sweet within the centre of among the sector’s ideal cities and we’re angry to lift Leonardo Hotels’ infamous visitor service to the U.S. market.
“This resort advantages from an distinctive Midtown Long island residing within the centre of among the sector’s most dynamic locations. We learn about important lengthy-term doable within the property and scrutinize ahead to repositioning and reopening it as a top price resort that embodies the standard, service standards, and ambition of our community.”
