Dan Acquires Three Hotels
Deal includes Rimonim Eilat, Spring and Ruth hotels
Israel's Dan Hotels has acquired three hotels from Israel-based Rimonim Hotel Group. The deal includes the Rimonim Eilat Hotel (formerly the Neptune), the Rimonim Spring Hotel in Nazareth and the boutique Ruth Rimonim Hotel.
Four more Rimonim properties might be added to the Dan Hotel chain in the coming months, including one in the Negev Desert, two in Tiberias and one in Golan Heights.
“Part of our decision to acquire these hotels 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,” says Ronen Nissenbaum, president and CEO of Dan Hotels. “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.”
Photo: Courtesy of Rimonim Eilat Hotel