Business Services Industry
U.S. Radisson SAS Group Interested In Buying Radisson Moriah Hotels.
Israel Business Today, October, 1998
Five groups of bidders led by the United States Minneapolis based international tourist company Radisson SAS have expressed interest in buying the Radisson Moriah chain of hotels in Israel. Radisson SAS manages the hotels in Israel and is familiar with the properties. The owners of the chain Ampal - American Israel Corporation, Amot Investments, and Gemol Pension Fund have set a minimum price of $80 million for the sale of the chain.
The other companies both American and Canadian, as well as Israeli companies Koor Tourism and the Dan Hotel chain, have also expressed interest in buying the hotels at this price. This gave the controlling partner Ampal American Israel the idea to issue a tender, which to close in early November 1998 for the sale. In the past Koor...
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