Israeli resort chain Isrotel (TASE: ISRO) plans a significant enlargement throughout 2025 by opening 5 new motels at an funding of NIS 1 billion. Following the addition of the brand new motels the chain could have 28 motels across the nation. As well as, over the subsequent 5 years, Isrotel will open seven extra motels in Jerusalem, Tel Aviv, Eilat and the Kinneret.
Subsequent month Isrotel will open the 145-room Gymnasia Lodge on Tel Aviv’s Montefiore Avenue. In March, the 147-room Ayelet Lodge on Kibbutz Ayelet Hashachar within the Higher Galilee will open and in Could, Daroma Lodge in Mitzpeh Ramon will open with a 128-room resort within the comprehensively renovated Pundak Ramon. In July the 44-suite Kayma will open by the Lifeless Sea, and in November the 122-room Dizengoff 99 Lodge will open in Tel Aviv.
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Along with opening new motels, the chain is renovating and enhancing current motels. The King Solomon in Eilat, which was the chain’s first resort, is anticipated to reopen in April after in depth renovations. The Mitzpe HaYamim and Gomeh Resorts, which had been just lately used to accommodate evacuees, can even return to operation after a facelift.
On the identical time, the Aluma chain, Isrotel’s sister firm, continues to increase in Europe. Over the previous yr, two new motels have been opened in Athens, and a 3rd resort – the 218-room Adia – will quickly open within the Greek capital, within the metropolis’s historic heart.
Printed by Globes, Israel enterprise information – en.globes.co.il – on January 12, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
