Fattal Group, the owner of Leonardo Hotels UK & Ireland, has bought the Dilly Hotel in London.
Leonardo Hotels UK & Ireland said it was committing £90 million for a refurbishment programme.
Opened in 1908, the Dilly Hotel is on Piccadilly and includes 280 rooms, an indoor swimming pool, fitness and treatment rooms, and squash courts, along with seven meeting rooms and event spaces.
At one time, the hotel had the royal Patronage of King George V.
Leonardo Hotels UK & Ireland said the acquisition cemented its position as "one of the fastest growing hotel groups in Europe and strengthens its position as one of the UK and Ireland’s leading hotel brands".
Leonardo Hotels operates 52 hotels across the UK and Ireland. It is part of Fattal Hotels, which owns and operates over 200 hotels in over 100 destinations, with plans to expand its global presence. In Europe it has over 150 hotels in 86 cities and 14 countries. Most recently, Fattal Group bought six hotels in Spain for over €165 million, with plans to invest €20 million in additional capital across the properties.
Leonardo Hotels Central Europe recently bought nine hotels in Austria.
David Fattal, chief executive and owner of the Fattal Hotel Group said in a statement: “We believe our portfolio, our strategy and the proven capabilities of our people puts our group in a unique position to leverage and capitalise on the emerging opportunities we see across the UK hotel sector.
“Our vision is to create one of Europe’s best performing hotel groups, where we nurture our talent to be the best, and create exceptional customer experiences.
Leonardo Hotels UK and Ireland has refurbished 2,530 bedrooms across the group and has added more than 1,450 rooms including Leonardo hotels in Manchester, Bristol Glassfields, Chester and new NYX Hotels opening in Dublin and Edinburgh. The development pipeline is being supported by the rebranding of the Jurys Inn portfolio to Leonardo Hotels, creating a single global brand.
The Dilly will join the group’s collection of hotels in central London, which include Leonardo Royal Hotels at London City, Tower Bridge, and St Paul’s; and the NYX Hotel London Holborn.
Darren Guy, finance director at Leonardo Hotels UK & Ireland, handled the deal at a local level; and Guy Vardi and Yaniv Amzaleg from Fattal Group supported the transaction on behalf of the Fattal European Partnership.