Isrotel Explained

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]

History

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.

Notes and References

  1. https://www.isrotel.com/search-results/ isrotel.com - All hotels
  2. Web site: Lipman . Jennifer . Isrotel founder David Lewis dies at 87 . . 10 July 2021 . 9 August 2011.