On Wednesday 12 February, the Cyprus Environment Ministry approved a project to convert an existing tourist apartment complex into a 4-star hotel in Polis Chrysochous.
The property in question is the former Elia Latsi Holiday Village Resort, which will be completely renovated and renamed the Leonardo Club Family Resort. According to an environmental study submitted to the ministry by Fattal Latsi Ltd, the total cost of the project is estimated at 55 million euros. It will take 18 months to complete once the necessary permits have been obtained.
After modernisation, the new hotel complex will consist of 18 blocks, of which 11 will be for tourist use, 5 for public use, 1 for control and 1 for sports. The project will be energy class A. The new hotel will have 240 comfortable double rooms with 480 beds. In addition, each room will have an extra bed so that the hotel can accommodate up to 720 guests at the same time. The total built area will be 6,477.55 m2 and the living area will be 7,750 m2.
The founder of the Fattal Hotel Group is David Fattal.
He started working in the hotel business in Israel as a waiter and hall man. In 1998, at the age of 41, David founded Fattal Hotels. In 2018, Fattal Holdings went public on the Tel Aviv Stock Exchange. The hotel chain now has 47 hotels in Israel and 174 hotels in European countries. In Cyprus, Fattal Hotel Group has significantly expanded its presence in all of Cyprus' coastal towns in a short period of time. It has acquired seven hotel properties on the island, including Paphos, Larnaca, Protaras and Limassol, and is continuing the radical refurbishment of two properties in Latchi and Limassol.
In Paphos, Leonardo Plaza Cypria Maris Beach Hotel & Spa, Leonardo Laura Beach and Splash Resort and Leonardo Cypria Bay are already operational. In Limassol, NYX Hotel Limassol and GrandResort Limited Edition by Leonardo Hotels. Leonardo Larnaca Boutique Hotel is opening in Larnaca and Leonardo Crystal Cove Spa Hotel by the Sea in Protaras. A new NYX hotel is expected to open in Nicosia. In Israel, Fattal Hotel Group is the leading hotel group and is growing rapidly with 270 hotel units.