Fattal Properties (Europe) Ltd. and Issta Lines Ltd. (TASE:ISTA) offered to acquire three hotels in Paphos from unknown Cyprian companies for €80 million on November 24, 2016. Fattal Properties (Europe) Ltd. will pay €6 million of refurbishing expenses. Fattal Properties have borrowed loan of €26 million to finance the acquisition. The deal is subject to board approval. Kfir Yadgar, Yiftah Farber, Aviad Rabinowitz and Dafna Sidkiyahu of Gornitzky & Co. acted as legal advisor of Fattal Properties (Europe) Ltd.. Fattal Properties (Europe) Ltd. and Issta Lines Ltd. (TASE:ISTA) completed the acquisition of three hotels in Paphos from unknown Cyprian companies on March 6, 2017.