A 220 room hotel in Dizengoff Street was also approved by the Tel Aviv Local Planning and Building Committee.
The Tel Aviv Local Planning and Building Committee today approved 820 new hotel rooms in Tel Aviv. This includes a 600 room hotel which will be built by businessman Henry Taic in Hayarkon Street, and a 220 room hotel as part of the conversion of the Lev Tel Aviv police station in Dizengoff Street into a hotel and residential project.
Taik's Nahal Group plans on building the Forum Palace Hotel which will comprise two 17 floor buildings in the excavated land where the old Sheraton hotel was once located. In addition to the 600 rooms above ground, the hotel will have banqueting halls, restaurants, cafes and service areas as well as a two floor underground car park.
Taik's Nahal Group is also building Israel's first Kempinski Hotel as part of the David Promenade Residences on Herbert Samuel Street at an investment of NIS 200 million.
Published by Globes, Israel business news - www.globes-online.com - on March 3, 2011
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