Isrotel Ltd. | |
Type: | Public |
Foundation: | 1981 |
Founder: | David Lewis |
Location: | Tel Aviv, Israel |
Locations: | 21 (2024) |
Area Served: | Israel |
Key People: | Lior Raviv, CEO |
Industry: | Hospitality |
Services: | Hotels |
Revenue: | ₪743 million |
Equity: | ₪1.36 billion (2020) |
Num Employees: | ~4,500 (2022) |
Homepage: | isrotel.co.il |
Isrotel Ltd. is an Israeli hotel chain headquartered in Tel Aviv. It operates 21 hotels and resorts throughout the country, most of which are located in and around Eilat.[1]
Businessman David Lewis opened the Isrotel King Solomon Hotel in Eilat in 1980.[2] The hotel chain expanded to 12 hotels by 2011 and 19 by 2019. As of 2022, Isrotel operated 22 hotels, and related tourism services, including restaurants, spas, a diving center, and shopping centers. Isrotel plans to increase to 30 properties by 2025.