Fattal Hotel Management bought the Golden Tulip Club and Golden Tulip Privilege for $60 million.
Fattal Hotel Management Ltd. has bought the Golden Tulip Club and Golden Tulip Privilege hotels in Eilat from Yitzhak Tshuva for $60 million. The purchases increases Fattal Hotel Management's chain of hotels to 20.
The 282-room Golden Tulip Club was built in 1995, and has been managed by Fattal since 2001. The hotel was renovated four years ago, and a water park, banquet halls, Internet room, library and new restaurant were added.
The 247-room Golden Tulip Privilege is a stolid hotel with no entertainment staff that gives its guests a quiet vacation with an emphasis on health activities.
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