Israel Land sells Herzliya hotel to Candan for NIS 41m

Over the years, the 50-year old 50-room hotel has been known as a place for assignations, renting rooms by the hour. It is not known what the new buyers intend to do with the property. They will reportedly seek to rezone the 4.5-dunam (1.125-acre) lot and increase its building rights, since the present two-storey hotel under-utilizes the lot.