Early Life and Career Beginnings
David Fattal's career began in the hospitality industry, working in various roles before rising through the ranks. Fattal's strong work ethic and vision set the stage for his future success.
Rise to Success: Founding Fattal Hotels
In 1998, at the age of 41, David Fattal founded Fattal Hotels. Starting with a modest portfolio of hotels, Fattal strategically expanded the company, introducing brands such as Leonardo Hotels, NYX Hotels, and Herods, among others. The company went public on the Tel Aviv Stock Exchange in 2018. Fattal's leadership and strategic decisions have been critical in the company's rapid growth and international presence.
Key Business Strategies
Fattal Hotels' success is attributed to several key strategies. The company focused on providing high-quality hospitality and exceptional value, expanding its presence across key markets, and diversifying its brands to cater to various customer segments. This has led to managing over 300 hotels across Europe and the Mediterranean.
Recent Achievements and Recognition
In December 2024, David Fattal was awarded the prestigious Grand Prix Award as European Hotelier of the Year in Paris, a testament to his significant contributions to the hospitality industry. He also received the same award in Rome in September 2025. Furthermore, his sons, Nadav and Asaf Fattal, were appointed as co-CEOs of hotel operations in Israel in September 2025, signaling a succession plan and future growth of the company.
Financial Performance
Fattal's 2024 financial results showed the company's strength, with total revenues of approximately $2.3 billion. In the most recent fiscal year, Fattal Hotel Group reported revenue of $2.3B and EBITDA of $850M. As of December 2025, David Fattal's net worth is estimated at $1.81 billion, and his global rank is 2118.