Huge new hotel planned for Tel Aviv

As reported in Globes:

Sources inform ”Globes” that a huge 45-storey hotel is slated to be built on the Ganei Sharona lot of the South Kirya lot in Tel Aviv. The Israel Land Administration (ILA) will put the six-dunam (1.5-acre) lot on the market for NIS 55 million next month.

The lot is an integral part of the Ganei Sarona commercial, entertainment, and recreation project won by two consortia of developers in an ILA tender last year. Plans for the lot allow for a 40,000-square meter, 800-room hotel and 2,000 square meters of commercial space.

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