Israel Canada Hotels Ltd
TTASE:ICHO114.20
ILA
+1.40
(+1.24%)
ISIN
IL0011038523
Return %
Stock
S&P 500
1Y
- -
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
ILS
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in mil. unless spec.Working Capital
ILS
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in mil. unless spec.Growth Rates
ILS
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in mil. unless spec.Quarterly Revenue
ILS
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in mil. unless spec.Quarterly Earnings Per Share
ILS
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in mil. unless spec.Quarterly Dividends Per Share
ILS
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in mil. unless spec.Company Description
- CEO
- Ori Altschuler
- Full Time Employees
- 1,094
- Sector
- Health technology
- Industry
- Medical specialties
- Address
- HaMenofim Tel Aviv Israel 4672553
- IPO Date
- May 13, 2007
- Website
- english.ichotels.co.il
- Similar Companies
- Business
- Israel Canada Hotels Ltd is a real estate and hospitality group that operates a hotel portfolio under the IC Hotels brand, focusing on owning, managing, and expanding hotel properties in Israel with international footprints where applicable. The company is part of the Israel Canada Group, a diversified real estate and hospitality conglomerate headquartered in Israel, founded in the mid-2010s, and publicly traded on the Tel Aviv Stock Exchange under the ticker ICHO.TA. Main Products and Services - Hotel ownership and management services: operates and oversees hotel properties, including full-service and leisure-oriented hotels; provides brand-aligned guest services, operating platforms, and asset management for hotels in its portfolio. - Hospitality asset management: oversees day-to-day hotel operations, revenue management, sales and marketing, guest experience optimization, and standardization of service across properties. - Leisure and vacation hospitality: targets vacation and family travel segments with properties positioned in high-demand leisure regions, offering dining, spa, conference facilities, and curated guest experiences. - Event and conference services: supports corporate events, weddings, and meetings through on-site venues and ancillary services such as catering and AV support. - Real estate development and expansion services: identifies, acquires, and develops additional hotel properties and related hospitality assets to grow portfolio scale and market presence. - Brand management and franchising support (where applicable): provides branding guidelines, operating standards, and franchise-like support to ensure consistency across the IC Hotels platform. Latest Major Company Changes - Strategic expansion in northern Israel: signs agreements to acquire 50% stakes in the Galilion Hotel (Upper Galilee) and the Kfar Giladi Hotel, expanding northern Israel footprint and guest capacity; management of these hotels is to be transferred to Israel Canada Hotels upon regulatory approvals and deal closing [web sources indicate February 2026 activity]. These acquisitions are framed as a core component of a broader growth strategy to deepen leisure tourism presence in high-demand vacation hubs [web sources indicate February 2026 announcements and comments by CEO Reuven Elkes]. - Management and regulatory approvals at flagship properties: recent approvals related to management arrangements for The George Hotel in Tel Aviv strengthen the group’s ability to scale brand presence in central Israel, creating a platform for enhanced market share in domestic and international tourism [web sources indicate late 2025 to early 2026 activity]. - Ongoing portfolio growth: continued expansion of hotel portfolio through acquisitions and potential new hotel launches or rebrandings within Israel and abroad, aligning with stated growth strategy to reinforce brands within Israel and internationally [web sources reflect ongoing expansion narrative through 2024–2026 timeframe]. Additional Context - Industry and segments: hospitality, hotel ownership and operation, real estate development within tourism and leisure segments; asset-light opportunities through management agreements and joint ventures complement owned assets. - Target markets: leisure travelers, families, business travelers, group and event organizers seeking mid-to-upper tier hotel experiences in Israel’s tourism hubs, with attention to northern Israel’s Galilee region and Tel Aviv as strategic markets. - Geographic operations: primarily Israel with select international footprint opportunities through management and brand partnerships; portfolio expansion emphasizes domestic hotels in key tourism corridors such as the Sea of Galilee area, Tel Aviv, and Eilat, among others. - Founding year and headquarters: established as a real estate and hospitality platform within the Israel Canada Group; headquarters in Israel (Tel Aviv region commonly cited for Israel Canada Group entities). - Subsidiaries/affiliates: IC Hotels represents the hospitality division of Israel Canada Hotels (the group’s branded hotel portfolio), with ongoing development and integration of new properties under the IC Hotels banner; the parent group operates broader real estate and investment activities in Israel. Note: The description reflects publicly reported activities up to early 2026, including significant northern Israel acquisitions and ongoing portfolio expansion.