MODANI LUXURY SPA RESORT

Company Overview
Marketing Materials
Data Room
Management Bios
Videos
News & Articles
Contact Us
Company Overview
COMPANY OVERVIEW

 

The Modani Luxury Spa Resort is located on a wide breathtaking cliff overlooking the central Mediterranean Coast on an expansive stretch of beachfront that is unparalleled. The Resort is located between Tel Aviv and Haifa, on the border of Havazelet HaSharon, in close proximity to Caesarea. It sits ca.18 meters directly above one of the most beautiful beaches in the Mediterranean with direct beach access. The Modani has the right to manage the beach and provide exclusive services. Its one-of-a-kind location on the Mediterranean is 29 kilometers from Tel Aviv, 44 kilometers from Ben Gurion Airport, 58 kilometers from Jerusalem and 190 kilometers from the Dead Sea.

The hotel opened as The Blue Bay Resort in 1969 and was last sold in November 2011. The hotel closed in January 2015 in anticipation of the repositioning. Upon completion, the 169-key Hotel (25 keys with private swimming pools) will become one of the highest profile, modern lifestyle luxury resort products in Israel – a country with both limited and dated existing luxury supply.
The Property’s architectural and interior design is nearly complete and will feature lavish guestrooms, a signature restaurant, bar, rooftop pool, expansive lobby lounge and public spaces, winter garden, club, state-of-the-art fitness center, elaborate courtyard terrace, pop-up juice bars, 24-hour in-room dining, and a 25,000 square foot full service spa treatment facility with 17 large treatment rooms, Watsu and other hydro-treatments, Hammam, saunas, and whirlpools. There will also be extensive outdoor and indoor pools, beach facilities and beach sports.

HVS completed a feasibility analysis on the project using an opening date of July 1, 2020. Erring on the side of conservatism, Sponsor assumes a twenty-four months project, beginning first quarter 2020 and ending fourth quarter 2021. Construction drawings are 90% complete. Demolition work has been completed. Building infrastructure including seismic retrofitting, room layouts, etc. is nearing completion.

Deal Size
$11,400,000
Min Investment
$100,000
Industry
Real Estate
Type of Investment
Debt
Location
Caesarea, Israel
Contact Us

Marketing Materials
MARKETING MATERIALS
No items found
Data Room
Management Bios
MANAGEMENT BIOS
Mark J. Rosinsky
Chief Executive Officer
Videos
VIDEOS
No items found
News & Articles
NEWS & ARTICLES
No items found
Contact Us
CONTACT US
OFFICE ADDRESS:
37 HaMlachim Street, Havazelet HaSharon 42937, Israel

P: 516-487-6789
E: [email protected]

LinkedIn Profile