New Hotel Development Coming to Jerusalem

Great news for travelers planning a trip to Jerusalem! Israel-Canada Hotels is moving forward with an exciting hotel acquisition in the holy city that could mean more accommodation options for visitors.

The company has called a shareholder meeting for May 20th to approve the purchase of a Jerusalem hotel property. What makes this particularly interesting for travelers is that an independent valuation by BDO shows the property is worth about 42 million shekels more than the actual purchase price – suggesting this could be a solid investment that benefits guests.

As part of the deal, the seller will contribute 30 million shekels toward finishing work on the property. This means travelers can expect a well-appointed hotel once renovations are complete.

Jerusalem’s hotel market has been growing to meet demand from international visitors, and new properties like this one help ensure you’ll have quality accommodation options when planning your Israel adventure. Keep an eye out for updates on when this property will be welcoming guests!