Africa-Israel may join UK Hilton deal

Africa-Israel Properties is considering joining Igal Ahouvi's Managed Hotels Unit Trust and Delek Real Estate in their purchase of 16 Hilton hotels in the UK.

By YIGAL GRAYEFF
December 14, 2005 07:19

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Africa-Israel Properties is considering joining Igal Ahouvi's Managed Hotels Unit Trust and Delek Real Estate in their purchase of 16 Hilton hotels in the UK. Africa-Israel said on Tuesday it is in talks to buy into 10% of the deal, which is worth a total of NIS 3.5 billion. Last month, Hilton said it completed the sale of the first 15 hotels to Managed Hotels but that it would keep its banner on the buildings and continue to manage them as full Hilton hotels for at least the next 30 years. It also has two options to continue managing the hotels for 10-year periods after that.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS