US, July 8 -- While global hotel brands such as Marriott International, Hilton, and Hyatt Hotels Corporation continue to dominate hotel headlines, another story is unfolding across the hospitality industry. Independent and privately controlled hotel investment groups are increasingly expanding across borders, demonstrating that international growth is no longer reserved for the world's largest publicly traded corporations.

The latest example comes from Israel-based Fattal Hotel Group, which has completed its first investment in the United States with the acquisition of The Blakely Hotel in Midtown Manhattan, a hotel that does not yet list a website.

The transaction, completed on July 7, marks the company's entry into one of the world's ...