King David Hotel
The King David Hotel ( , ) is a 5-star hotel in Jerusalem and a member of The Leading Hotels of the World. Opened in 1931, the hotel was built with locally quarried pink limestone and was founded by Ezra Mosseri, a wealthy Egyptian Jewish banker. It is located on King David Street in the centre of Jerusalem, overlooking the Old City and Mount Zion.
Michael Federmann
Federmann joined Elbit when his El-Op company merged with it in 1998. That doubled it in size. 
Elbit was naturally going to benefit from the global growth of the UAV market however, the 700% growth of Elbit over the following decade was also largely due to Federmann and CEO David Ackerman's leadership of Elbit Systems. They embarked on an ambitious global buyout strategy for the sake of growth. The strategy has made Elbit into a multibillion-dollar multinational.
Under the aegis of Federmann the hotel group has continued to grow, thanks to growing tourism and business in the country as well as ongoing expansion of the chain. Dan Hotels began as a boarding house on the Tel Aviv seafront that was purchased by his father and uncle in 1947. Over the following decades it grew to be a national chain. It is now expanding into India.
Part of the chain is the iconic King David Hotel in Jerusalem, which since its founding in 1932 until this day hosts heads of state and diplomats on behalf of the Israeli government on their visits to Israel.