The JTLV Foundation purchased the Mandarin Hotel in North Tel Aviv for NIS 190 million

The fund purchased the commercial space in the hotel and construction rights in an adjacent lot with the aim of building another hotel – with 250 rooms and commercial space. The JTLV Foundation purchased the land on which the Mandarin Hotel is located in Tel Aviv and an adjacent reserve for the construction of a new hotel with 250 rooms and commercial space, for NIS 190 million.