Israeli hotel chain Fattal Hotels Ltd has acquired the building that once housed the Palatin Hotel, Tel Aviv’s first luxury hotel, built in 1926. It is investing NIS 150 million to restore Tel Aviv’s first luxury hotel to its former glory and aims to launch an ultra-luxury hotel by end 2022.
https://itn.co.il/top-stories/fattal-to-renovate-tel-avivs-oldest-luxury-hotel/