The next in Isrotel’s expanding portfolio of hotels in Israel is currently under construction at the corner of Emek Refaim and Derech Beit Lechem. Like the recently completed Waldorf Astoria, the Isrotel will also be built upon a landmark area, will have both residential and hotel space, and will be exorbitant and luxurious.
Designed by Feigin Architects, the hotel will boast 250 rooms, a spa, restaurants, meeting spaces, a conference hall and most other amenities expected in a 5-star hotel. The historical Templers buildings that stand at the site have been gutted and will become residential space. A total of eleven residences will be constructed in the 2,200 sqm. space and will sell for an average cost of 70,000 NIS per sqm.
The hotel is being built, in part, with a grant of 450 million NIS from the Jerusalem Ministry of Tourism. Due to the increase in demand for hotel space in Jerusalem, the municipality has made it easier for builders to gain approval for projects and begin construction with relative speed. Because of this, a public outcry about maintaining the quaint charm of the neighborhood and, more importantly, the views of the Old City, went ignored. Expected completion is in 2015.