Operates hotel chain in israel.
Dan Hotels enters 2026 as a quality chain that is rebuilding its profit engine: Eilat and the stronger hotels are carrying the picture, but Jerusalem, Tel Aviv, and the cash-flow profile have not yet normalized.
Dan's hotel economics in 2025 rested mainly on Eilat, while Jerusalem and Tel Aviv still dragged EBITDA and required heavy investment in hotels that have not yet returned to acceptable returns.
Dan ended 2025 without an immediate liquidity crunch, but also without clean self-funded recovery: cash rose only modestly because new bank borrowing, support from suppliers and other payables, and a heavy lease structure all did part of the work.
