Aria Hotel
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Aug 31, 2026
08:22Globes

Business
Astral Hotels loses lawsuit for rent refund during renovations and is ordered to pay 400,000 shekels
The agreement between Astral and the companies leasing the Aria Hotel in Eilat did not explicitly cancel the rent exemption during renovations. However, the court prioritized the concept of an "absolute obligation," ruling that business logic and the parties' intent override specific contract wording.
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