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27.04.2023
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27 April 2023

Grand Resort Hotel in Limassol passed into hands of Israeli investor

On Wednesday, April 26, the Commission for the Protection of Competition announced that the Grand Resort has changed ownership.

As it turned out, the popular 5-star hotel passed into the hands of an Israeli investor. In particular, the agency announced that it had received a notice of the acquisition of the authorized capital of Hawaii Hotels Limited by Fattal Limassol Limited.

It should be noted that Fattal Limassol Limited is a company registered under the laws of the Republic of Cyprus. It is a company with no prior business activity, created solely for the purpose of closing a deal. The company, which is part of the Fattal Hotel Group, is fully controlled by an individual.

Fattal Hotel Group is the largest hotel business organization in Israel and one of the growing hotel groups in the UK and Europe. Today Fattal Hotel Group manages hotels in 20 countries. In Cyprus, she owns: Leonardo Plaza Cypria Maris Beach Hotel & Spa, Leonardo Cypria Bay, Leonardo Laura Beach & Splash Resort in Paphos and Leonardo Crystal Cove Hotel & Spa By The Sea - Adults Only in Protaras.

The new owner has not yet disclosed his plans for the Grand Resort hotel.

Recall that the Grand Resort is a luxurious 5-star hotel in the prestigious Amathus area in Limassol.

The hotel has 255 rooms: standard, family, junior suites and suites. All rooms offer fantastic panoramic views and are decorated in white with bright blue accents. The hotel has four restaurants and 3 bars. Among them: the poolside Anthea, Salaminia, Kyma, offering a unique gastronomic experience, as well as Kyoshi Teppan Yaki and Kyoshi Sushi Bar, Kohili Surf N' Turf and Ethnic Lounge & Bar.

Guests are available: spa center Musses Spa, hydromassage with chromotherapy, hammam, jacuzzi, sauna.

Отель Grand Resort в Лимассоле перешел в руки израильского инвестора
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Source: stockwatch.com.cy
Photos: pixabay.com

Interested in property on the island? Check out the number one real estate agency in Cyprus, DOM! The website features the largest database of real estate in the country – over 100,000 residential and commercial properties across the entire island. Choose and consult with professional brokers who will help you make the right choice!

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John 16.05.2023 in 11:02
Would and need to talk to the new owners or who is head of the new ownership of this  hotel.  I have information that may have a affect on this hotel.
And the new ownerships interest.

Thankyou
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