The joint acquisition, follows the Fattal chain's international expansion and is part of ISSTA's tourism-focused real estate expansion strategy.

ISSTA will be responsible for marketing vacation packages for these hotels to Israelis, while Fattal will manage the hotels. ISSTA and TUS Airways will operate at least four weekly flights from Haifa to Paphos, in addition to the existing flights to Paphos from Ben Gurion Airport, in order to offer a greater selection of vacation packages.

Stelios Americanos & Co LLC acted as Cyprus legal advisors, on behalf of the joint venture, at this acquisition project related to the three above Hotels, in Paphos.

Stelios Americanos & Co LLC's corporate lawyers performed the legal due diligence of the hotels, drafted and negotiated the Share Purchase Agreement and the Escrow Agreement.  The banking finance team of Stelios Americanos & Co LLC was responsible to draft and perfect the security documents including the Cyprus mortgages.  All was done in extremely tight deadlines to the absolute satisfaction of all the parties involved.

The above project is indicative of the capabilities and clientele of Stelios Americanos & Co LLC.