Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Nakash Brothers To Expand Eilat Orchid Hotel

Jordache Enterprises Israel bought the abandoned property next door to the hotel for about  $5.7 million.


Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.
Orchid Hotel in Eilat, Israel

Sources inform ”Globes” that Jordache Enterprises Israel Ltd., owned by the Nakash brothers have bought the unused hotel opposite Eilat’s underwater observatory for $5.7 million .

The hotel, next door to the Nakash’s Orchid Hotel, has stood empty since it was built in 1990s, and is known as a local white elephant.In the 1990s, Derech Ha’arava Ltd., owned by contractor Yehuda Katav and partners bought an abandoned two-floor commercial building on the site, with the idea of redeveloping it into commercial center and 160-room hotel.

The Eilat Planning and Building Commission approved the plan and rezoning of the lot in 1999, as part of a plan to develop Eilat’s southern beach. However, the Society for the Protection of Nature in Israel and Israel Nature and Parks Authority filed objections on the grounds that the plan would damage the environment of the corals at the adjacent beach, and that the city’s tourism development should be concentrated on the north shore. After the Regional Planning and Development Commission approved the plan in 2008, despite the objections, the public protest reached the Knesset. In 2011, then-Minister of the Interior Eli Yishai approved the plan, with the support of then-Minister of Tourism Stas Misezhnikov, over the objections by then-Minister of Environmental Protection Gilad Erdan.

The Nakash brothers bought the property from Katav after years of negotiations, and will use the lot to expand the Orchid Hotel.

Orchid Hotel EILAT

Orchid Hotel in Eilat, Israel

The Eilat Municipality told “Globes” today that, since the local planning commission approved the plan, the abandoned building is an eyesore and environmental hazard. “For these reasons, the local commission believed at the time to recommend to the regional commission to approve the developer’s request to add floors, ” said the municipality. “The fact that, many years after the local committee’s recommendations, the building is still abandoned, justifies the commission’s decision. The decision was taken in part because the lot is already zoned for a hotel and it is adjacent to the Orchid Hotel, which also has additional building rights.”

Published by Globes [online], Israel business news – 



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News