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Monday, July 10, 2006

Conway eyeing Israeli tourism sector

U.S. retailer said to have bought boutique hotel in Galilee as part of plans to run hotel chain in Israel.

New York retailer Conway has plans to open a boutique hotel chain in Israel. Under plans by owner Richard Cohen, the U.S. firm has acquired the Domain Galil boutique hotel in the Galilee town of Rosh Pina.

At USD 6 million, the hotel comprises 24 suites and expands over 15 acres. The deal has been approved by the Ministry of Tourism and Conway will become the new owners as of July 15.