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Hospitality

20 stories about Hospitality
ישרוטל המלך שלמה

Israeli hotel companies keep expanding abroad despite currency headwinds

01.09.26|Amir Perger
Fattal is building a growing European portfolio through institutional partnerships, while Isrotel, Dan Hotels and Israel Canada are also increasing their overseas presence.
הדמיה של מתחם בנין ב מרכז ירושלים

10 dunams in central Jerusalem hit the market for $140 million

01.09.26|CTech
The Benin complex has approved development rights for two residential towers with 295 apartments, hotel buildings with about 200 rooms and roughly 50,000 square meters of primary floor area.
פנאי דוד טור פיצרייה הר סיני נחלת בנימין

From Tel Aviv nightclubs to a $40 million pizza chain

17.08.26|Hilik Gurfinkel
David Tur opened his first club at 22 and went on to become a major force in Tel Aviv’s restaurant scene. Now, after building three Pizza Har Sinai locations, he is preparing to sell half the business and bet on a national expansion. 
מלון פתאל לונדון

Fattal takes control of London’s The Dilly in one of its biggest hotel investments yet

02.08.26|Amir Perger
The Israeli hospitality group will invest roughly £220 million in acquiring lease rights and renovating the 283-room property, aiming to turn the historic hotel into a major European asset. 
בית קפה בתי קפה ב ירושלים

Iran attack fears keep Israelis home, restaurants feel the hit

24.02.26|Orna Yeffet
Occupancy drops up to 35% outside Tel Aviv amid Iran tensions.
מלון סלינה נווה צדק תל אביב

Selina Israel seeks liquidation after parent company's asset sale

05.03.25|Lital Dobrovitzky
Singaporean buyer shows no interest in Israeli operations, leaving the company leaderless and insolvent.
Reeco founders

Reeco raises $15M Series A to modernize hotel procurement

15.01.25|Meir Orbach
The Israeli startup’s AI-driven procure-to-pay platform unifies procurement, inventory, and accounts payable into a single system. 
סלינה כנרת ב מגדל

Selina Israel ceases operations after global hospitality chain crumbles

15.09.24|Amir Perger
The collapse of the once-promising brand leaves a trail of unpaid debts and abandoned hotels across Israel. 
מימין רפי מוסרי ו דניאל רודסבסקי מייסדי סלינה

Checked out: Selina's global hostel empire sold off after unicorn's dreams unravel

27.08.24|Viki Auslender
Once a darling of digital nomads, reaching a valuation of $1.2 billion, Selina is stripped of its assets as investors lose faith.
מימין רפי מוסרי ו דניאל רודסבסקי מייסדי סלינה

Selina Hospitality files for administration, to be delisted from Nasdaq

22.07.24|Sophie Shulman
The hospitality chain has lost 99.5% of its value since going public at a $1.2 billion valuation in December 2021, currently having a market cap of just $20 million.
מימין רפי מוסרי ו דניאל רודסבסקי מייסדי סלינה

Selina: The end? Hospitality chain facing insolvency after defaulting on loan

21.07.24|Sophie Shulman
The hospitality chain has lost 99.5% of its value since going public, currently having a market cap of just $25 million. It is set to soon be delisted from Nasdaq after repeatedly failing to meet the exchange’s deadlines. 
Guesty

Guesty raises $130 million at $900 million valuation, eyeing IPO in 2025

10.04.24|Meir Orbach
Operating in over 80 countries, Guesty’s platform provides both enterprise and SMB property managers as well as individual hosts with tools to manage the entire rental journey
מלון Selina Jaco - יקו קוסטה ריקה סלינה

From $1.2 billion to $12 million: Selina's valuation continues to crumble

10.04.24|CTech
The hospitality company claims to have reduced its debt by $52 million and its co-founders have announced they are converting cash compensation into shares to strengthen credibility, but investors remain unimpressed
מישל אוחיון מלון וולדורף אסטוריה

Hilton escalates legal battle against former Jerusalem Waldorf Astoria owner over $26 million unpaid debt

02.04.24|Golan Hazani
Two previous arbitration rulings regarding the dispute between Michel Ohayon and Hilton were made in London by the International Chamber of Commerce (ICC). Hilton is seeking for the arbitration rulings to be enforced against Ohayon in Israel as well
הנפקת סלינה ב נאסדק המייסדים רפי מוסרי ו דניאל רודסבסקי

Selina shares down over 96% from IPO price after single-day 41% plunge

20.08.23|CTech
The Israeli-founded hospitality company currently has a market cap of just $46 million, a far cry from the $1.2 billion valuation at which it went public last October
הנפקת סלינה ב נאסדק המייסדים רפי מוסרי ו דניאל רודסבסקי

Hospitality company Selina sacks 350 employees as it continues to bleed cash

27.06.23|Sophie Shulman
The Israeli-founded company went public in October through a SPAC merger at a valuation of $1.2 billion, but currently has a market cap of around just $120 million
עומרי שלו והנריק שמעוני, מייסדי ריקו

Reeco raises $10 million for AI-based hospitality procurement marketplace

28.03.23|Meir Orbach
The Israeli startup provides a streamlined process for hotels and other hospitality buyers to order everything from food and beverage to cleaning supplies
עמיעד סוטו מנכ"ל ומייסד Guesty ורד רביב שוורץ נשיאת גסטי וסמנכ"לית התפעול

Guesty continues shopping spree with acquisition of hospitality software companies Kigo and HiRUM

28.09.22|CTech
The Israeli property management platform, which raised $170 million last month, has made three acquisitions in two weeks after also purchasing hotel-focused revenue and distribution platform YieldPlanet
עמיעד סוטו מנכ"ל ומייסד Guesty ורד רביב שוורץ נשיאת גסטי וסמנכ"לית התפעול

Guesty raises $170 million to expand hospitality and property management platform

16.08.22|Meir Orbach
A significant portion of the funding went towards secondary deals. “We are close to becoming a unicorn. Within less than a year we tripled our valuation and doubled our revenue,” said Vered Raviv Schwarz, President and COO at Guesty
ועידת כלכליסט ביוון דניאל רודסבסקי מייסד משותף סלינה וידאו

"The Millennials and Generation Z are 40% of hotel customers - we need to speak their language"

06.06.22|Neta Li-Binshtock
Daniel Rudasevski, co-founder of the global hospitality chain Selina, said at Calcalist’s Israel-Greece conference in collaboration with Aroundtown and Brown Hotels: "If there’s no hot water they will manage, but without internet access they will not come"
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