NEW YORK - Israel's most prestigious hotel group Dan Hotels has acquired three hotels from Israel's Rimonim Hotel Group, it was announced in Tel Aviv by Ronen Nissenbaum, Dan Hotels' president and CEO. The purchase involves the Rimonim Eilat Hotel (formerly the Neptune), the Rimonim Spring Hotel in Nazareth and the boutique-style Ruth Rimonim Hotel in the heart of the ancient town of Safed.
"Part of our decision to acquire these hotels," Nissenbaum explained, "is that they fill a gap in the Dan Hotel Corporation's coverage of Israel, particularly with the addition of the properties in Safed and Nazareth, both located in the northern Galilee region."
Four additional Rimonim properties may be added to the Dan Hotel chain in the coming months: one in the Negev Desert, two in Tiberias on the shore of the Sea of Galilee and one in the Golan Heights.
"Our goal is to strengthen and diversify the Dan brand," Nissenbaum continued, "so that we are able to offer something for every traveler's geographic need, profile and budget. For the time being, we will operate the three new hotels as they are - and in the coming months make decisions about renovations, upgrades and possible name changes."
Dan Hotels has shown double-digit growth in revenue and profits since late 2017, "and the Rimonim acquisition will ensure that growth will accelerate even further in 2019 and 2020," observed Nissenbaum.
Tags:Dan Hotels , Rimonim Hotel Group
