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.
King David Hotel
In 1929, Palestine Hotels Ltd. purchased on Jerusalem's Julian’s Way, today King David Street. Half the construction costs were paid by Ezra Mosseri, an affluent Egyptian Jewish banker and director of the National Bank of Egypt, and another 46% by other wealthy Cairo Jews. The approximately 4% remaining was paid by the National Bank, which purchased 693 shares of the company between 1934 and 1943.