Israeli Hotelier Liran Weizman Sells Stake in GCH Hospitality for €150 Million

Israeli real estate and hotel entrepreneur Liran Weizman, 50, has finalized a significant deal abroad, with Indian hospitality giant PRISM acquiring a substantial stake in his management company, GCH Hospitality. GCH Hospitality operates Weizman's boutique hotel brands, including "Sircle."

The transaction is valued at approximately 150 million euros, assigning a market value of 200 to 300 million euros to Weizman's European operations. This includes a cash component of tens of millions of euros directly to Weizman, along with an allocation of shares in the joint venture, as reported by TheMarker.

The acquiring party is led by 32-year-old Indian billionaire Ritesh Agarwal, founder of the hospitality unicorn OYO Rooms. Agarwal, who recently visited Israel for business meetings, is backed by the Japanese fund SoftBank and is currently preparing for a major IPO valuing his company up to $8 billion.

PRISM was drawn to Weizman's unique hospitality concept, which encompasses a portfolio of about 52 hotels across 8 European countries, including brands like SIR and Park Centraal. The operation integrates culinary and nightlife experiences through "Entourage Group," which manages establishments like Chef Eyal Shani's "HaSalon" and "HaMazal."

The new partners plan to leverage PRISM's technological infrastructure to expand the hotel empire from Europe into the United States and Asia.