- Business
- Israel Canada (T.R) Ltd Israel Canada (T.R) Ltd (ISCN.TA) is an Israel-based real estate investment company that develops, manages, leases and sells residential, commercial, office, retail and hotel properties; it focuses on large-scale mixed-use projects including luxury residential towers, entrepreneurial real estate investments in land and developments, profitable rental assets primarily in central Israel, hotel operations through its subsidiary Israel Canada Hotels (ICH), and international activities in Poland, Russia and Greece. The company, founded in 1986 and headquartered in Herzliya, Israel, operates through segments such as Entrepreneurial Real Estate in Israel and Poland, Establishing Projects in Israel, Real Estate Sector in Israel, Hotel Management in Israel, and others including specific developments like da Vinci and Rome projects; ICH manages a portfolio of hotels under brands like Play, West and Daniel, encompassing properties in Tel Aviv, Tiberias, Dead Sea, Eilat, Ashdod and abroad with thousands of accommodation units. Geographically, it targets prime urban locations in central Israel such as Tel Aviv and Jerusalem, alongside select international markets; notable projects include the completed Midtown Tel Aviv (two 50-floor towers with residential, office and commercial space at NIS 2.6 billion cost), the approved Midtown Jerusalem (1,000 apartments, offices and hotel near Shaare Zedek), and the recent acquisition of the Dubnov parking lot in Tel Aviv for NIS 437 million to develop a 45-floor tower with 170 apartments, commercial, employment and public spaces including preservation of the adjacent National Kibbutz House. Recent major changes include signing non-binding memorandums of understanding in 2024 to acquire Brown Hotels operations in Israel (ten hotels, 779 rooms, brands, online activities and loyalty club) and Greece (eight hotels, 1,067 rooms via lease takeovers without payment), alongside discussions to merge its hotel activities with the DNA Group stock market shell; these moves expand its hospitality platform ahead of overseas growth strategies, building on prior achievements like entry into the TA-125 Index in 2018 and employee growth to 104 as of 2025.