ISRAEL’S Radisson Moriah hotels, part of the Radisson SAS group since 1996, have been sold to Sheraton for $81m.
The acquisition of the five properties, in Jerusalem, Eilat, Tel Aviv, the Dead Sea and Tiberias, makes Sheraton the largest hotel chain in Israel with 13 properties and just under 4,000 rooms.
The group is opening a 14th hotel on the Mediterranean coast between Netanya and Herzlia next year.
Sheraton Israel sales department manager Trudi van der Lee said final details of the merger of the two groups are still being worked out, including a new name for the Radisson Moriah properties.
She added that there are likely to be redundancies among Radisson Moriah sales staff.