Category: hotels
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Work moves slowly ahead on one of Israel’s biggest hotels
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After years of delay, construction has resumed several months ago at the 47 -room SARona Hotel in Tel Aviv. The high will contain an area of 40,000 square meters of hotel spaces, commercial spaces with an area of 2000 square meters, a commercial area of 20 thousand square meters of…
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Isrotel to open five new hotels in 2025
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Israeli hotel chain Isrotel (TASE: ISRO) is planning a major expansion during 2025 by opening five new hotels with an investment of NIS 1 billion. After adding the new hotels, the chain will have 28 hotels across the country. In addition, over the next five years, Isrotel will open seven…
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Brown Hotels asks court to approve sale to Israel Canada
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Brown Hotels said in the court filing that Israel and Canada have committed to purchasing the business operations of eight of its hotels and brands. Brown Hotels has applied to the court to approve its sale to Israel Canada (TASE: ISCN). Brown Hotels said in the application that Israel and…
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Brown Hotels asks court to approve sale to Israel Canada
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Brown Hotels said in the court filing that Israel and Canada have committed to purchasing the business operations of eight of its hotels and brands. Brown Hotels has applied to the court to approve its sale to Israel Canada (TASE: ISCN). Brown Hotels said in the application that Israel and…
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Brown Hotels asks court to approve sale to Israel Canada
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Brown Hotels said in the court filing that Israel and Canada have committed to purchasing the business operations of eight of its hotels and brands. Brown Hotels has applied to the court to approve its sale to Israel Canada (TASE: ISCN). Brown Hotels said in the application that Israel and…
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Brown Hotels asks court to approve sale to Israel Canada
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Brown Hotels said in the court filing that Israel and Canada have committed to purchasing the business operations of eight of its hotels and brands. Brown Hotels has applied to the court to approve its sale to Israel Canada (TASE: ISCN). Brown Hotels said in the application that Israel and…
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Brown Hotels asks court to approve sale to Israel Canada
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Brown Hotels said in the court filing that Israel and Canada have committed to purchasing the business operations of eight of its hotels and brands. Brown Hotels has applied to the court to approve its sale to Israel Canada (TASE: ISCN). Brown Hotels said in the application that Israel and…
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Israel Canada to buy Brown Hotels chain
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Israel Canada Real Estate (TASE: ISCN), controlled by Barak Rosen and Asi Tachmer, announced the signing of two non-binding memoranda of understanding to acquire Brown Hotels’ operations in Israel and Greece. At the same time, talks are underway to merge Israel Canada’s hotel operations into the stock market DNA Group,…
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Rocco Forte plans five new hotels as Saudis invest £1.4bn in luxury chain
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Sir Rocco Forte is set to develop five new luxury hotels in Europe after Saudi Arabia’s Public Investment Fund acquired a 49% stake in Rocco Forte Hotels, valuing the company at £1.4bn. The investment has boosted the hotel group’s expansion ambitions, but has also impacted the profitability of the wider…
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Former executive risks 40 years in prison after allegedly doling out cash bribes at hotels, airports, and in a parking lot
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Former Vitol oil trader Javier Aguilar faces up to 40 years in prison and will forfeit more than $7.1 million in two U.S. bribery cases after pleading guilty in federal court. Aguilar, 50, had already been convicted in Brooklyn, New York, in February of orchestrating a complex scheme to bribe…
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Sotherly Hotels Q2 2024 results show steady growth By Investing.com
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Sotherly Hotels Inc. (NASDAQ:), a well-known hospitality company, has reported its financial results for the second quarter of 2024, revealing a positive trend in revenue per available room (RevPAR) and hotel earnings before interest, taxes, depreciation, and amortization (EBITDA). The company has seen RevPAR growth across several key properties, driven…