Update From Nazareth |
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| Luxury project to replace Basel Hotel |
| 03/02/2010 |
| Jaffa`s mythological Basel Hotel – one of the city's oldest guesthouses – will be destroyed. It will be replaced by a new four-story boutique hotel, with three additional floors including six luxury apartments measuring 500 square meters each.
The hotel, which is located on 156 Hayarkon Street and was opened in the late 1960s, belonged to the Atlas Hotels chain. It was bought by the Fattal chain about half a year ago for $21 million – a sum reflecting the value of the land it was built on and of the possibility of constructing both a hotel and an apartment building in the same place.
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