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Miami Group Expands Investment in Hotels in Israel; Acquires “accadia”

The Israeli-Miami investors group which owns the luxurious “Dan” Hotel in Tel Aviv has purchased the Accadia, a seashore hotel in Herzliah, and will reopen it for the tenth anniversary celebrations in April next, it was reported here today.

The group has also joined the King David Hotel in partnership and is financing the restoration of the site of the hotel which was bombed under the British administration. The Miami group is establishing a tour promotion company in the U.S. to promote tourism in Israel especially in view of the 10th anniversary year, the report said.