Luxury hotel planned on Bat Yam beach
Some NIS 500 million invested in Sea Hotel, expected to open in mid 2017. Entrepreneurs, municipality officials hope it will help boost tourism to central city
A 436-room luxury hotel is expected to open in mid 2017 on a deserted beach between the central cities of Bat Yam and Rishon Lezion.
The entrepreneurs are a group of investors which includes Ilan Sasson of the Rom Kineret Group; Michael Sepiashvili, a diamond dealer living in Israel
and the United States; David Refaelov, who deals with diamonds and mineral mining in Russia; and Valery Markotenko, a former owner of the Gazprom company who engages in mineral mining.
Some NIS 500 million (about $142 million) will be invested in Sea Hotel, which entrepreneurs and Bat Yam Municipality officials hope will boost tourism to the city.
Attention, Tourists
Danny Sadeh
West Lagoon Hotel in coastal city to offer 273 rooms, suites; cost of construction estimated at $70 million
According to Sasson, the entrepreneurs bought the land (about 2.7 acres) for some $20 million. "It will be the fourth biggest hotel in the Tel Aviv metropolitan area," he said.
The deluxe level hotel will offer 40% of its rooms as vacation apartments for foreign and Israeli residents, who will be able to use them six months a year.
The project was planned by the Feigin Architects office, which is also responsible for two nearby hotels that will serve together as a complex of 1,200 hotel rooms.
