The Dutch hotel organisation European Hotel Management B.V., owner of Apollo Hotels, is being acquired by the Israeli listed organisation Fattal Hotels. The executive boards of both companies have signed the contract to this end. The acquisition involves all 13 hotels in the group. Wellnessresort Thermae 2OOO in Valkenburg, also a subsidiary of the organisation, will not be part of the transaction.
David Fattal, Owner and CEO of Fattal Hotels: “The Netherlands is a very important link in the international business world. We were therefore actively looking for a platform to form the basis for further expansion. European Hotel Management offers excellent hotels, a strong national brand name and an extremely professional team with which we can further shape our growth ambitions.”
European Hotel Management was founded in 2005 by hotel veterans Willem-Jan van den Dijssel, Bas Tolmeijer and Francesco Monaco. After initially being a multi-branded hotel group, the organisation changed course several years ago to focus on developing its own Apollo brand. Significant investments were also made in the quality of the portfolio and new hotels were opened (Apollo Hotel Groningen in 2016 and Apollo Hotel Vinkeveen in 2017). The group also concentrated on developing and operating strong food & beverage concepts like Floor 17 Amsterdam, Bierfabriek Almere and the Harbour Clubs in Amsterdam-Zuid and Vinkeveen.