Jerusalem: Reichmanns sell Waldorf Astoria for $130m

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The Reichmann Canadian Jewish family has sold the Jerusalem Waldorf Astoria Hotel for $130 million. The buyer is French-Jewish businessperson Michel Ohayon, owner of the Versailles Waldorf Astoria Hotel.

The Hilton Hotel chain manages the Jerusalem Waldorf Astoria under an agreement that extends for another 15 years. Market sources believe that the character of the hotel will not change.

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