12
Feb
Israel Canada Hotels Accelerates Growth with Major Upper Galilee Hospitality Expansion
Israel Canada Hotels Accelerates Growth with Major Upper Galilee Hospitality Expansion A significant step has been taken in Israel’s hospitality sector as Israel Canada Hotels signed an agreement with Kibbutz Kfar Giladi to acquire half ownership of two prominent hotels in northern Israel. The transaction, valued at approximately NIS 142 million, marks a calculated expansion into the Upper Galilee region, an area widely recognized for its appeal to leisure tourism. Under the agreement, a 50% stake has been acquired in both the Galilion Hotel and the Kfar Giladi Hotel. The total consideration...