The four-star Palmyra Hotel has 250 rooms, a spa and other facilities.
Fattal Hotels Management Ltd. has bought the Palmyra Hotel in Eilat, reportedly for NIS 90 million. The four-star hotel has 250 rooms, a spa and other facilities. It opened a new 40-room wing eight months ago.
The company also owns the Magic Nirvana Club Hotel at the Dead Sea and manages 13 other hotels, with 4,500 rooms altogether. The hotels, mostly in Eilat and at the Dead Sea, have an aggregate turnover of NIS 650 million a year.
Published by Globes [online], Israel business news - www.globes.co.il - on March 4, 2007
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