The Jerusalem Gate Hotel, at the entrance to the capital, has this month been officially taken over by American entrepreneur and investor Morris Wilner from the Dag Hakesef Company for an undisclosed sum.
Wilner, who also has purchased the adjacent "Center 1" shopping mall, has numerous investments in Israel, in general, and Jerusalem, in particular.
Even though the hotel underwent major renovations not long ago, Wilner intends to upgrade it by expanding on the improvements in an effort to attract tourists from around the globe.
A resident of Philadelphia, Wilner was the developer or partner in numerous residential and commercial projects in Philadelphia, as well as New Jersey, New York and Florida. In addition to his many business interests, he is a member of the executive committee of AIPAC, and chairman of the Friends of Elwyn, which helps people with special needs.