Fattal Hotel Group has bought its first hotel in the U.S., a modest deal that carries an outsized signal.
The company said Wednesday it had taken over The Blakely, a pre-war hotel on West 55th Street in Midtown Manhattan, for $38.5 million. It will shut the property for a $13 million renovation and reopen the 117-room hotel in mid-2027.
The price tag is small. But Fattal owns or operates 329…
