ISRAEL’S DAN HOTELS EMBARKS ON MAJOR STRATEGIC GROWTH WITH ACQUISITION OF THREE “RIMONIM” PROPERTIES
Israel’s most prestigious hotel group Dan Hotels has acquired three hotels from Israel’s Rimonim Hotel Group, it was announced in Tel Aviv yesterday by Ronen Nissenbaum, Dan Hotels’ president and CEO. The purchase involves the Rimonim Eilat Hotel (formerly the Neptune), the Rimonim Spring Hotel in Nazareth and the boutique-style Ruth Rimonim Hotel in the heart of the ancient town of Safed.
“Part of our decision to acquire these hotels,” Nissenbaum explained, “is that they fill a gap in the Dan Hotel Corporation’s coverage of Israel, particularly with the addition of the properties in Safed and Nazareth, both located in the northern Galilee region.”
Four additional Rimonim properties may be added to the Dan Hotel chain in the coming months: one in the Negev Desert, two in Tiberias on the shore of the Sea of Galilee and one in the Golan Heights.
“Our goal is to strengthen and diversify the Dan brand,” Nissenbaum continued, “so that we are able to offer something for every traveler’s geographic need, profile and budget. For the time being, we will operate the three new hotels as they are – and in the coming months make decisions about renovations, upgrades and possible name changes.”
Dan Hotels has shown double-digit growth in revenue and profits since late 2017, “and the Rimonim acquisition will ensure that growth will accelerate even further in 2019 and 2020,” observed Nissenbaum.
For more information about Dan Hotels, please visit: www.danhotels.com.
ABOUT DAN HOTELS
Dan Hotels Israel is the largest luxury hotel group in the country. The history of the chain dates back to June 1947, when two brothers Yekutiel and Shmuel Federmann, purchased a 21-room guest house called the “Kaete Dan” on the Tel Aviv sea shore. Today, the chain owns thirteen deluxe and superior first-class hotels in prime locations around the country, an international convention center and a hotel training school. The collection includes Jerusalem’s legendary King David Hotel, a member of “Leading Hotels of the World” and considered the most prestigious hotel in Israel. Additional luxury hotels include: Dan Accadia Hotel Herzliya, Dan Caesarea Hotel, Dan Carmel Haifa Hotel and Dan Eilat Hotel. Dan Hotels places an emphasis on hospitality and warm accommodation with the its, “Experience the Best.” Dan Hotels recently expanded overseas with the development and opening of the Den Hotel in Bangalore, India’s capital of high-tech.
