The exponential growth of Bengaluru as a major technology hub over the years has lured leading Israeli hospitality chain Dan Hotels to begin its global foray in India from this tech city, a top executive said.
“When we wanted to expand globally, we noticed that Bengaluru, as India’s Silicon Valley, has a lot in common with Israel, known as the Silicon Valley of West Asia. Bengaluru’s booming growth, which is faster than other Indian cities, attracted us to open our first hotel ‘The Den’ outside Israel in Bengaluru,” Dan Hotel’s Chief Executive Ronen Nissenbaum said here.
Co-founded in 1947 by brothers Yekutiel and Shmuel Federmann as a luxury hospitality chain, the Tel Aviv-based Dan Hotels has 14 properties across Israel in seven cities, including Jerusalem and the port city of Haifa. Though it had a soft launch of its first international property in Bengaluru in December 2017, Nissenbaum officially unveiled it on Saturday, making Dan the first Israeli hospitality group to own a five-star luxury hotel in the subcontinent. The 226-room The Den with 21 floors was built at an upfront cost of Rs 490 crore, with a helipad on the rooftop, a personal movie theatre, a 70-seater auditorium, a gaming zone and plenty of space for partying. “Our hotel chain is about creating luxury spaces, particularly for millennials. We wanted to see if our 70 years of success in Israel can be replicated in Bengaluru,” Nissenbaum said