Airport City

Avia Magen and Airport City establish a new hotel management company in Israel. The partnership combines Magen’s experience as former CEO of Fattal Hotels with Airport City’s real estate expertise. Both entities hold equal shares in the venture through a limited partnership.

Jul 2026The Jerusalem Post | JPost.comNews article

Construction restarts on the **Sarona Hotel**, an 800-room, 47-story development in Tel Aviv after prolonged delays. The project, one of Israel’s largest hotel ventures, had faced years of halted progress before recent activity. The hotel’s scale and location position it as a major addition to the city’s hospitality sector.

Mar 2025en.globes.co.ilNews article

Shared workspace provider **Switchup** secures a **20-year lease** for the **Isracard building in Tel Aviv**, paying **NIS 27 million annually** (totaling **NIS 540 million**). The deal grants Switchup exclusive use of the entire office property, owned by Airport City. The agreement reflects demand for flexible coworking spaces in downtown Tel Aviv.

May 2022en.globes.co.ilNews article

Tel Aviv’s Central Bus Station operated as a financial burden and urban eyesore from 1976 to 1993, later becoming an environmental hazard and symbol of urban decay. The facility’s long history of neglect and failure now faces an uncertain future as stakeholders consider redevelopment options. The station’s legacy as a white elephant highlights persistent challenges in urban infrastructure planning.

Oct 2021en.globes.co.ilNews article