Tamares to upgrade hotels

Over recent years, the hotel group has invested a total of NIS 200m. in expanding in presence in the Israeli hotel industry, including the acquisition of the Golden Tulip and the Shizen Spa hotels.

The Tamares Hotels Resorts and Spas group said Monday it plans to invest an additional NIS 30 million in revamping the Daniel hotels in Herzliya and the Dead Sea over the next three years. Over recent years, the hotel group has invested a total of NIS 200m. in expanding in presence in the Israeli hotel industry, including the acquisition of the Golden Tulip and the Shizen Spa hotels. Tamares, a privately owned investment company based in Vaduz, Lichtenstein has interests in real estate, finance, media and leisure