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Selina
Booking refuses to advertise former Selina hotels in Tel Aviv, Mitzpe Ramon
The hotels are run by new operators with no connection to the collapsed chain, but the tourism giant is demanding they settle old debts and is refusing to allow the hotels on its website under the new name Saban
Navit Zomer
|
12.22.24
Resort venture Selina Israel reaches end of the road
Selina Israel's closure comes after ownership changes hands to a Singaporean chain; facilities were handed back to local owners putting the jobs of 300 employees in jeopardy
Navit Zomer
|
09.15.24
Vacation company Selina to lay off workers and scale back due to war
Selina Israel plans to lay off dozens and scale back operations, returning unprofitable assets amid war-driven losses; Company faces plummeting tourism and financial strain, impacting its nine sites, including Tel Aviv, the Ramon Crater, and the Sea of Galilee
Navit Zomer
|
07.31.24
Selina Networks files for bankruptcy amid financial turmoil
Facing significant losses, Selina hostel chain informs US authorities all options exhausted, insolvency can no longer be avoided; ‘We have gone through tough times, from COVID-19 to the war in Israel,’ Selina founder Rafi Museri tells Ynet
Navit Zomer
|
07.23.24
Israeli hostel service 'Selina' facing significant financial troubles, potential bankruptcy
The hospitality company, known for its digital nomad hostels, has seen a 95% drop in stock value since its IPO, struggles with massive debts, and fails to meet financial obligations, raising concerns about its future viability and investor confidence
Navit Zomer
|
07.22.24
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