It's official: Ritz Carlton coming to Israel

US-based chain says will open 110-room hotel at Herzliya marina in March 2012; investment in project estimated at $160 million
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The Ritz Carlton hotel chain said on Wednesday it would open its first hotel in Israel in 2012.
Ritz Carlton, one of Marriott International's luxury brands, said it would open the 110-room hotel – which will also include 85 apartments – at the marina in Herzliya, an upscale suburb of Tel Aviv on the Mediterranean Sea, in March 2012.
The hotel will be owned by two Israeli companies, Tidhar and Adi's Investments. The investment in the project will be 600 million shekels, or about $160 million.
Herzliya is Israel's main high-tech center.
Simon Cooper, chief operating officer of Ritz Carlton, said in a statement he hoped to open more hotels across Israel in the future. The US-based chain operates 70 hotels worldwide with another 30 under development.
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