A joint-venture partnership recently began construction on the 120,000-square-foot, 151-room hotel.
JLL’s hotels and hospitality group will be soliciting offers of interest in the site from potential investors and operators.
Madrid-based Iberostar Hotels & Resorts is all set to make its U.S. debut with hotels in New York City and Miami.
The hotel has 147 guestrooms, a bar and elevators with photo booths and props.
The property was acquired by an affiliate of McNeill Hotels, and will be managed and operated by McNeill Hotel Company.
Construction of the 96-room hotel is scheduled to begin in the fourth quarter of 2016.
The property in Israel incorporates residential-style design after $4M-plus renovation project.
Shimizu Corporation and age co. designed the newly built 198-room hotel.
Weeks ahead of its Shanghai resort's debut, Disney is facing a homegrown challenger for dominance in China's theme-park market.
Russian real estate investor Alexei Bogachev is investing $200 million to build the first Bulgari hotel in Russia.