Billionaire Trump plans beachfront hotel in Israel

Wednesday, December 14, 2005 | 
Real estate tycoon and billionaire Donald Trump is planning to build a 2,500-room beachfront hotel complex in Netanya, a coastal town north of Tel Aviv. Netanya has been among the Israeli cities hardest hit by terrorism, severely damaging its tourism industry. Trump associate Michael Dezer said plans for the $500 million hotel complex were still on track even after a suicide bomber killed himself and six others at the city's main mall last week. “The bombings are a part of life in Israel. We are used to it, and it doesn't change a thing,” said Israeli-born Dezer. Mayor Miriam Fireberg-Ikar said the plans included a number of hotels on 38 acres of empty seaside real estate. “We are praying that Trump will have the honor of saving Netanya,” she said.

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