Transactions

Kevin Bermeister and partners acquire Leonardo Inn Hotel Jerusalem for $17.5M

16 Aug, 2012
 


Kevin Bermeister and a group of private investors have purchased the shares of Kedem Hotel Jerusalem Ltd., the owner of the Leonardo Inn Hotel Jerusalem, for approximately $17.5 million, in an all-cash transaction. The Leonardo Inn has been managed for the past several years by Fattal Hotels, the operator of several Leonardo hotels in Israel. The expansion of the hotel is now being discussed.

"This transaction represents our first completed investment in the tourism development sector of Jerusalem, and we expect to make multiple future investments in this sector," Bermeister, an initial investor in Skype, said. The Leonardo Inn Hotel Jerusalem has 185 hotel rooms, a spa and health club with sauna, a Jacuzzi, and outdoor and indoor swimming pools.

Topic : Leonardo Inn Hotel Jerusalem, Kevin Bermeister
External Source : Kevin Bermeister

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