Entry into the luxury hotel industry.
(Photo: obs)
Dusseldorf The family-run hotel chain Leonardo has been listed on the stock exchange for five years now. However, to date, markets and the public have taken little notice of it. There was a lack of attention because company founder David Fattal, 65, chose Tel Aviv as the stock exchange. In addition, the shares issued, which are denominated in Israeli shekels, do not trade under the well-known hotel name, but as shares of “Fattal Holdings”.
Slowly, however, an end to the undercover operation is becoming inevitable. Because the shares of the hotel group, which owns one of its largest markets in Germany, have taken the lead in the international accommodation industry since the outbreak of the corona pandemic. Since March 1, 2020, the price has increased by 187.3 percent.
The hotel company, which is valued at the equivalent of 1.3 billion euros, leaves even successful US corporations such as Hilton, Hyatt or Marriott far behind, which “only” almost doubled their share price.
Far better performance than Accor and Whitbread
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