Luxury hotel chain controlled by Elbit's owners, the Federmanns
Company · Israel · Organization
Dan Hotels is a listed Israeli luxury hotel operator and, alongside Elbit Systems, one of the two biggest publicly traded holdings of Federmann Enterprises, the family conglomerate owned since 2002 by Michael Federmann and started by his father and uncle. The same holding company held 19,318,508 Elbit shares as of June 17, 2026, and Michael Federmann controls the vote of about 41.2% of Elbit; he and his sons David, Gideon and Daniel hold an indirect economic interest in it. Elbit's revenue reached about $7.94B in 2025, and its PULS rocket artillery has been used extensively by Israel's army in Gaza and Lebanon. The family that sells the rockets also sells the rooms: Dan Hotels is the hospitality face of an arms fortune.
● confirmed by a primary document · ○ reported
Since 2002, Federmann has been the owner of Israeli conglomerate Federmann Enterprises Ltd which was started by his father and uncle. ... its two biggest publicly traded holdings: defense electronics maker Elbit Systems and luxury hotel operator Dan Hotels Corp. ... As of November 2025, Forbes estimates Federmann's net worth to be $6.6 billion.
FEL also has ownership interests in Dan Hotels Ltd. (Dan Hotels), an Israeli hotel chain, Freiberger Compound Materials GmbH (Freiberger), a German company engaged in the supply of materials for the semi-conductor industry, and several financial, real estate and venture capital investments. David Federmann currently serves as chair of the board of Freiberger and as a member of the boards of directors of Dan Hotels, BGN Technologies Ltd. (the technology transfer company of Ben-Gurion University), and several other private companies.
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