Nakash Holdings has announced plans to launch the Setai hotel brand in Tel Aviv with The Setai, Tel Aviv, opening in early 2018. The property will be in the Jaffa area of Tel Aviv. This will be the hospitality group's second Setai in Israel, following the recent opening of the Sea of Galilee property in May 2017. The hotel will also be the groups' third hotel globally, following The Setai, Miami Beach.
At the Kishle site, the hotel is in the center of the city near Clock Square, the city's coastline, the Mediterranean Sea and the Tel Aviv coastline. Kishle was originally constructed by the Turkish Empire to be a prison on the site of a Crusader fortress. Upon completion, the hotel will have 110 guestrooms and 10 suites.
All historic structures at the Kishle have undergone a complete renovation. The original Kishle, including wooden ceilings and ironwork, has been preserved, while wooden doors and windows have been recreated to imitate the original. Former prison yards were restored and now serve as the hotel's front and rear courtyards. All preservation was performed by restorationists and experts in stone, iron and woodwork, adhering to the original structures.
Nakash Holdings is the private investment office of the Nakash family. The investment portfolio includes hotels in the U.S., Europe and Israel.