A long-term operational lease agreement of Patio Eilat Hotel (owned by Africa Hotels Group)

January, 2012 / EKW

“Dror Hotels Management”, owned by Mr. Dror Goldstein, has signed with Africa Israel Hotels (“AFI Hotels”) an operational lease agreement regarding “Patio Eilat Hotel”, which consists of 115 rooms, for a total period of approx 8 years. The above transaction is estimated to be around NIS 9 million.

Within the framework of this transaction, “Dror Hotels Management” shall additionally carry out a vast upgrade of the hotel in an extent of about NIS 7.5 million.

“Dror Hotels Management” was represented in the abovementioned business transaction by Hanan Efraim and Tsippy Bengi from EKW.