Established in 1996, Elbit Imaging Ltd., (TASE: EMIT, NASDAQ: EMITF) (formerly Elbit Medical Imaging Ltd.), is one of Israel’s principal holding companies with activities in, Commercial and Entertainment centers, Hotels, Residential Real Estate, Bio and Medical devices, Retail and others.
Elbit has considerable experience in successfully identifying, initiating, developing and exiting of large scale Real Estate projects predominantly in the retail sector, located in Central and Eastern Europe and India.
We were the first major international group to establish western style commercial center operation in Eastern Europe and to recognize both the potential of the market and the necessary timing of activities. Elbit has built up sizable experience, knowledge, expertise, contacts, and partnerships, to solidify its market leading position in this region.
ELBIT has a 16-year track record of successfully developing and holding of hotels in Western & Eastern Europe managing under the Park Plaza, Carlson, Radisson and Park Inn brands. We hold between 50-100% of each hotel via controlling stakes and play an active role in the operation and management of the portfolio.
In keeping with ELBIT’s vision to improve people’s lives, we are also active in the medical treatment market. Through InSightec Ltd., ELBIT is developing equipment in the image guided ultrasound treatment field. Through Gamida Cell ltd. ELBIT is helping to develop stem cell therapeutics based on our proprietary technologies for stem cell expansion as well as future regenerative cell-based medicines including heart tissue repair.
We will continue to actively identify and pursue long term expansion opportunities around the world to help assure maximum return on capital in the future and contribute substantial "added value" to existing activities for our continued success today.