Alrov Group

Alrov Group
Company typePublic
TASE: ALRO
IndustryReal estate development, hotels
Founded1978 (1978) in Tel Aviv, Israel
FounderAlfred Akirov
HeadquartersAlrov Tower, 46 Rothschild Boulevard, Tel Aviv, Israel
Number of locations
Israel, United Kingdom, France, Switzerland, the Netherlands
Area served
Worldwide
Key people
Shmuel Ben Moshe and Meir Alhacham, co-CEOs
Websitewww.alrov.co.il

The Alrov Group is a real estate development company headquartered in Tel Aviv, Israel.[1] It is listed on the Tel Aviv Stock Exchange.

History

The company was founded in 1978[1] by Alfred Akirov, who holds the title of chairman. Its co-Chief Executive Officers are Shmuel Ben Moshe and Meir Alhacham.[1]

Mamilla Project

In 1995 Alrov purchased the Mamilla Project in the center of Jerusalem and finished the building of the David Village project and the hotel Hilton Jerusalem, that later changed its name to David Citadel Hotel.

The construction and development stopped a few times due to archeological research and legal affairs but resumed in 2006.

In 2007, a part of the Alrov Boulevard (the historic Mamilla street) and the Alrov mall opened. In 2009 Mamilla Hotel was opened and in 2010 the project was completed.

Hotels

The group owns the David Citadel Hotel and the Mamilla Hotel (near the Mamilla Mall), both of which are in Jerusalem, Israel.[2] It acquired the Conservatorium Hotel in Amsterdam and the Café Royal in London in 2008.[3] In 2010, it acquired the Hôtel Lutetia in Paris.[2]

References

  1. ^ a b c Al-Rov (Israel) Ltd (ALRO:Tel Aviv), Bloomberg Business
  2. ^ a b Le groupe israélien Alrov rachète le Lutetia, Le Point, 07/08/2010
  3. ^ "Cafe Royal sale". Daily Telegraph. 14 April 2008. Retrieved 4 December 2009.

www.alrov.co.il

Stub icon 1 Stub icon 2

This article about an Israeli company is a stub. You can help Wikipedia by expanding it.