The Gabay Group and the Prima hotel chain are participating in a new project in Ashdod and are investing NIS 250 million in a 210-room hotel in Ashdod. Real estate developer and construction company Gabay Group has sold half of the land rights for a hotel overlooking the Ashdod waterfront. Construction is scheduled to begin next year and be completed within four years. Partnership between Gabbay and Prima for 24 years. Related Articles The 1.75-acre plot of land was purchased by Gabay in 2004 from private owners. Initially intended for hotels only, the land was rezoned two years ago to also allow for the construction of residential properties and 105 apartments will be built next to the hotel. The Prima hotel chain, owned by the Moskovitz family, has 14 hotels across Israel and is currently planning and constructing four more hotels, including the Ashdod hotels. “For upcoming tourism, we will attract French visitors who come to Ashdod and groups looking to stay in central Israel with an emphasis on its proximity to the waterfront,” said Avi Dor, CEO of Prima Hotels. “Rates in Ashdod will be 30% lower than those in Tel Aviv, and its proximity to the center makes it a solution for groups. In addition, the hotel will feature a dynamic event hall for private clients as well as a prime location for business conference tourism – due to major business In the surrounding area, such as Intel in Kiryat Gat and the Israel Electric Corporation.” Published by Globes, Israel business news – en.globes.co.il – September 5, 2021 Copyright Globes Publisher Itonut (1983) Ltd. 2021
Prima, Gabbay to build 210 rooms in Ashdod Hotel
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