ERM advised The White City Group, in expanding into the hospitality sector in Italy, with a project to establish several luxurious hotels in the country, with an aggregate value of over NIS 1.7 billion. The hotels will be run by Isrotel Hotel Chain , Fattal Hotels, and other well-known international hotel management companies.
Gilad Maoz, head of ERM’s Real Estate & Urban Renewal practice, and Ron Abelski, partner in ERM’s Corporate & M&A practice, acted for The White City Group, together with associate Michal Gazit and intern Ori Nehmad.
For media coverage of the deal (Hebrew), please click here.