Fattal Hotels to launch shared workspace facilities next to hotels

Amy Horsfield By Amy Horsfield
11 December 2018 | Updated 12 December 2018

Israel: Fattal Hotels plan to open shared office space following the launch of their new service for short-term apartment rentals via Airbnb.

Fattal Hotels has rented two floors in the Amot Insurance complex in Tel Aviv that it will convert into shared office space on the WeWork model. The new, 5 million shekel ($1.3 million) facility will begin operations next April.

Industry figures estimate that there are currently 80 shared workspace facilities in the greater Tel Aviv area.

In the last year facilities have been launched by Labs, which is controlled by the Israeli entrepreneur Teddy Sagi, and European-based Rent24, which said it also planned to expand into shared living spaces. We Work, which pioneered the concept, recently expanded its offerings with a four-floor site at the ToHA site in Tel Aviv.

Ron Yariv, head of the new Fattal Hotel operations, plans to locate its shared-office facilities near its hotels so that office tenants can make use of hotel services, including meals, spa and bar services and conference facilities.

He said: "That way companies can enjoy many additional services beyond the office services and community networks offered in other work spaces. At the same time, hotel guests can make use of our office services and network with other business people renting space in our facility."

Fattal Hotels first shared workspace will be located next to one of its NYX boutique hotels, which has been operating from the Amot complex since 2014. The company signed a 20-year lease on the space at 1.65 million shekels annually.

Fattal Hotels, which operates 186 hotels in Israel and 18 European countries, has been offering short-term apartments via Airbnb and other booking sites under the "Master" brand of its Leonardo Hotels chain. Master offers apartments in two buildings in the trendy Tel Aviv neighborhoods of Kerem Hateimanim and Neve Tzedek.

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