El-Ad Group
| Private | |
| Industry | Real Estate Development |
| Headquarters | New York City |
| Owner | Yitzhak Tshuva |
| Website | EladGroup.com |
The El-Ad Group is an Israeli-based American real estate development company. The group controls many subsidiaries including Elad Properties, which is based in New York City, Elad Florida and El-Ad Canada, which is based in Toronto, Ontario.
Collectively, the El-Ad Group owns many landmarks across North America, including the historic Plaza Hotel, The Grand Madison and the Metropolitan Life Insurance Company Tower in New York City. The El-Ad Group is owned by Yitzhak Tshuva, an Israeli businessman.
In May 2007, Elad Properties purchased the New Frontier Hotel and Casino in Las Vegas, Nevada for $1.2 billion.
ElAd Group, run by CEO Amos Kol, focuses on IT, one of the companies in the Israeli IT market since 1982. Elad Hotels Ltd. took a controlling interest in the 6-hotel Sheraton Moriah Israel hotel chain.
Elad Properties is a real estate developer based in New York City, with extensive holdings in the United States, primarily New York City. The flagship property of Elad Properties, New York, is the Plaza Hotel on Central Park South, bought by ElAd affiliate CPS One LLC, and reopened March 1, 2008. ElAd Properties is run by CEO Udi Erez.
Established in 2004 to spearhead expansion into the southeast, El Ad National Properties began as an affiliation between El Ad Group Florida and El Ad Group Canada, and today runs properties in ten states with a focus on the south, the Midwest and northeastern United States. 55% of Elad National Properties' portfolio are rentals. Through a joint venture, El Ad National Properties controls Element National Management, a property management company.
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