Fattal Hotel Management Ltd. and Izaki Group Investments Ltd. have begun construction of the Herod's Hotel at the Herzliya Marina, at an estimated investment of NIS 300 million. The 230-room five-star hotel is scheduled to open by the end of 2013.
Fattal Hotel CEO David Fattal said, "Herzliya is an important center of recreational and business tourism, and I believe that this is an extraordinary location for the hotel, whose meticulous design will turn it into one of Israel's top hotels."
Herod's Herzliya will be Fattal Hotel's seventh hotel in central Israel. He opened the Leonardo Boutique in Tel Aviv's high-tech center of Ramat Hahayal two years ago, followed by the opening of Herod's Tel Aviv at an investment of NIS 60 million. Next month, a Leonardo Boutique hotel will open at the Weizmann Science Park in Rehovot. Fattal Hotel also owns the Leonardo Basel hotel in north Tel Aviv, the Leonardo City Tower at the Diamond Exchange in Ramat Gan, and the Leonardo Suite in Bat Yam.
The company currently has 31 hotels with 7,500 rooms nationwide, as well as hotels in Europe.
Published by Globes [online], Israel business news - www.globes-online.com - on October 31, 2011
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