DUN'S 100 - 2016

Construction & Real Estate

191

2016

DUN’S

100

DUN’S

100

2015

DUN’S

100

2016

DUN’S

100

Yielding Real Estate

RANK

Alrov Properties and Lodgings Ltd.

lrovPropertiesandLodgingsLtd.isalead-

ing real estate development company, in-

vestinginandoperatinghotelsandluxury

projects, known for its high standards and its un-

matchedmanagement abilities. The company has

an extensive and diverse income-producing prop-

erty portfolio in Israel and in Europe that includes

major office and commercial buildings, shopping

centers and luxury hotels. Alrov is also engaged

in luxury residential construction and sales.

Established in 1978 by Alfred Akirov and Family,

the group has been traded on the Tel Aviv Stock

Exchange since 1983.

Past Achievements

Over the years, Alrov has developed some of Is-

rael’s landmark buildings, such as the complete

Alrov Mamilla Project linking Jerusalem’s Old

City with the New City, as well as The David Cita-

del Hotel, The Mamilla Hotel, and Alrov Office

Tower in Tel Aviv. Furthermore, the group has de-

veloped the known Opera Tower and the luxury

Alrov Residential Towers, both in Tel Aviv.

Overseas Expansion Strategy

In recent years, the company has diversified its

real estate endeavors by investing overseas,

mainly in Switzerland, in income-producing

properties financed by equity capital and non-

recourse loans.

In addition, in the last few years the group de-

veloped hotels activities in Europe.

Alrov’s strategy is to increase its activities

abroad and, among other things, develop luxury

hotels in major cities in Europe and NYC, where

there is a robust tourism demand.

Alrov Mamilla

Alrov has built 140,000 sq.m. of shopping and

entertainment avenue, residential apartments

and 2 luxury hotels. Alrov Mamilla is the largest

construction project in Jerusalem.

Income-Producing Properties

Israel

Alrov Tower:

22-floor office building on Roth-

schild Boulevard, Tel Aviv.

The Asia House:

5-floor office building on

Weizmann Street, Tel Aviv. The building is in

the process of licensing and planning addi-

tional floors.

Opera Tower:

Sold during the fourth quarter

of 2011.

Top Center:

A commercial mall located in Ash-

dod. It was sold on the first quarter of 2016.

Nofei Hasharon:

A sheltered housing project

for the elderly in Netanya.

Overseas

Alrov’s Luxembourg-based main overseas

subsidiary, Property Investment Holding LUX,

manages the company’s international real es-

tate portfolio which will undergo major expan-

sion in the coming few years.

France:

9 office buildings and 65% of a tenth

building.

Switzerland:

9 shopping centers, 9 office

buildings, one distribution center, and one

logistics center.

England:

4 commercial units located next to

Café Royal hotel.

Residential Projects

Alrov Towers:

Three 34-floor luxury residential

towers in North Tel Aviv built by the group.

Hotels

The David Citadel Hotel:

A 5-star luxury hotel

with 385 suites and rooms in Jerusalem, over-

looking the Old City walls.

Mamilla Hotel:

Located alongside Alrov Ma-

milla Avenue, a luxury 5-star lifestyle hotel,

featuring 194 suites and rooms.

Conservatorium Hotel:

Located in Amsterdam,

a luxury 5-star lifestyle hotel with 130 rooms

and suites with 650 sq.m. of commercial

space for luxury stores.

Café Royal Hotel:

Located in London on Re-

gent Street, a luxury 5-star lifestyle hotel with

160 rooms and suites and 1300 sq.m of high-

end retail space.

Hotel Lutetia:

Located in Paris, a luxury 5-star

hotel in the exclusive St. Germain quarter and

one of only six former palaces that today serve

as luxury hotels in Paris. The hotel’s 21,250

square meters include 231 rooms and suites.

From April 2014 the hotel is closed for reno-

vation for 36 months, renovations began July

2014, in order to keep the high standards that

reflect the rest of the hotels in the Collection.

In the next years Alrov plans to further expand

its luxury hotel collection.

Objectives, Business Strategy and Expected

Development in the Coming Years

Group revenue from rent and the operating of

hotels has increased in the past nine years

(between 2003-2015), at an average rate of

approximately 11.1% per year.

Alrov Tower: Company Headquarters

The Alrov Tower, 46 Rothschild Blvd.,

Tel-Aviv 6688312

Tel:

972-3-7147777

Fax:

972-3-7147778

info@alrov.co.il www.alrov.co.il

Esta b l i s h e d

1978

L i n e o f b u s i n ess

Real Estate Development, Income-

Producing Properties and Hotels, Luxury

Projects Operator

L e a d i n g e x ecu t i v es

Ron Geller

CEO *

Georgi Guy Akirov

Hotels Division

Manager

Meir Elhakham

CFO

Alfred Akirov

Chairman *

* See Top Executives Profiles - Page 582