Dan Hotels Management Relocates After 30 Years in Tel Aviv
Translated & summarized from Calcalist by baba
Dan Hotels management will relocate its headquarters from Hayarkon Street in Tel Aviv to the Amot Investments tower on Weizmann Street in the first half of 2027, after 30 years at the current site. The 15-year lease agreement is estimated to cost NIS 6.5 million annually. This move is part of a larger trend of corporate relocations within Tel Aviv's dynamic office market. Dan Hotels declined to comment on the move.
The story in 5 lines · by baba
- Dan Hotels management will move its headquarters to a new location in Tel Aviv in early 2027.
- The hotel chain's management has been located on Hayarkon Street for approximately 30 years.
- The new offices will be in the modern Amot Investments tower on Weizmann Street.
- The lease agreement is for 15 years, with annual rent estimated at NIS 6.5 million.
- Dan Hotels management declined to comment on the relocation plans.
The management of the Dan Hotels chain is set to move its headquarters from its current location on Hayarkon Street in Tel Aviv to the Amot Investments tower on Weizmann Street, according to sources. The hotel chain's headquarters has operated for approximately 30 years from the old office building, also known as Beit Hermetic, at 111 Hayarkon Street, near the Dan Tel Aviv Hotel. Although the move will distance the management from the adjacent Dan Hotel, the Hayarkon building is considered outdated, while the Amot Investments tower has undergone extensive renovation and is considered modern. Dan Hotels will lease floors 18-21, previously occupied by the law firm Lipa Meir, which has moved to the Beyound Tower in Givatayim. The relocation is planned for the first half of 2027. The lease agreement signed by Dan Hotels management is for 15 years, with estimated rental fees around NIS 140-150 per square meter for finished space, projecting annual rent of approximately NIS 6.5 million. The Amot Investments tower, designed by architects Abraham Yassky and Yossi Sivan, was completed nearly 50 years ago and was initially named "Beit IBM" after the company that occupied it for two decades. It was sold in 1999 for about $50 million and later purchased by Amot in 2007. In recent years, the tower has undergone significant renovations, including its lobby and the installation of smart systems, contributing to its green standard certification. Such corporate relocations are a significant part of Tel Aviv's annual office market transactions, often creating a chain effect as new or upgraded buildings attract major companies, particularly from the high-tech sector, seeking improved work environments. The departure of one company can create opportunities for others to enter desirable areas or expand their offices. Amot did not comment on the move, and Dan Hotels stated, "We do not comment on rumors, whether true or not."