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ERM advises The Brown Hotels Group on the construction of a new hotel in central Tel-Aviv

ERM has represented The Brown Hotels Group in a lease agreement of “Menora House”, for the construction of a new boutique hotel in prime location in central Tel-Aviv. Furthermore, a NIS 40 million financing agreement was signed with Menora who will provide funds for all the renovation works in order to convert the building to a hotel.

Gilad Maoz, partner in the Real Estate, Urban Renewal and Hotels department, led the team with Roni Shema-Rimon.

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