About Dan Hotels

 Dan Hotels, a leading hotel chain in Israel, has announced a significant step in its sustainability journey by transitioning to renewable energy. This strategic move, facilitated through a partnership with Electra Power, is part of the hotel chain's ongoing commitment to environmental stewardship and responsible business practices.

Details of the Agreement

This initiative, valued between 300 to 350 million Shekels, entails a ten-year agreement commencing on March 1, 2024, where Dan Hotels will source up to 75% of its electricity needs from renewable energy. The agreement was formalized at a signing ceremony held at Dan Hotels' offices in Tel Aviv, attended by Shlomi Tachan, CEO of Dan Hotels, Ron Federmann, Vice President of Business Development at Dan Hotels, Chen Malmed, CEO of Electra Power, and Amit Frenkel, Vice Deputy CEO of Electra Power.

A Focus on Renewable Energy Sources

This partnership aligns with Dan Hotels' long-term strategy of reducing its environmental impact and transitioning to greener energy sources. By sourcing a significant portion of its electricity from renewables, Dan Hotels becomes the first hotel chain in Israel to undertake such a substantial commitment to green energy.

Comments from Dan Hotels Leadership

In his remarks, Ron Federmann emphasized the importance of this transition: "Our collaboration with Electra Power is a testament to Dan Hotels' dedication to sustainable energy and environmental conservation. This move not only aligns with our values but also sets a new standard in the Israeli hotel industry. We are proud to lead by example, showing our commitment to reducing greenhouse gas emissions and embracing cleaner energy sources."

Future Outlook and Commitment

This transition to renewable energy is a key component of Dan Hotels' broader sustainability strategy, which includes various initiatives to reduce its ecological footprint and promote sustainable operations across its properties.