Holiday Inn to become Israel’s largest hotel
The “Yediot Ahronot” Hebrew daily reports that despite the slump in tourism, Africa-Israel Investments is planning to add 450 rooms to the Jerusalem Holiday Inn Hotel, making it Israel’s largest hotel, with 850 rooms.
The plan is to make one wing of the hotel a Israeli government guest house. The sale of 230 units for housing is expected in the first stage. These units are located near the hotel management company, which will lease the rooms for their new owners. Africa-Israel will use the $25 million proceeds from these sales for construction. The company is planning to ask for a government grant.