The Israeli hotel company Fattal Hotels, in partnership with international investors, has signed an agreement to acquire the entire share capital of the German-based Queens Moat Houses (QMH).

Queens Moat Houses has a portfolio of 20 hotels and around 3,600 rooms, which consists of one Queens hotel, 15 Holiday Inns and four Best Western Hotels.

The properties are located in Berlin, Munich, Düsseldorf, Frankfurt, Cologne, Hamburg, Heidelberg, Wolfsburg, Hanover, Baden-Baden, Aachen, Mönchengladbach and Karlsruhe.

David Fattal, chief executive of Fattal Hotels, said: "The investment is in line with our expansion plans - the hotels complement our existing Leonardo chain of hotels perfectly.

"We still want to continue to grow and are negotiating further projects in major cities in Europe."

With this new portfolio, the Fattal Hotels Group grows to 84 hotels, with more than 16,000 rooms. The acquisition of the QMH Germany portfolio will see Fattal Hotels managing 44 hotels in 20 cities in Germany.