Business 12 MONTH CERTIFICATE Israel's Koor Hotels Get New Partner 5.75% 5.870 INTEREST RATE (JPFS) — A.P.Y./* 1611 60 MONTH CERTIFICATE 6.00% 6.13% INTEREST RATE A.P.Y./* These are fixed rate certificates of deposit that are insured by Federal Deposit Insurance Corporation (FDIC). A minimum opening deposit and balance of $500.00 is required to obtain the stated Annual Percentage Yield. filagsher Bank * At,. Federally Insured . Main Office 2600 Telegraph Rd. Bloomfield Hills, MI 48302 '. - CALL (810)338-7700 or (810)352-7700 EQUAL HOUSING OPPORTUNITY In a ma- area. Mr. Cotter said he is excit- erusalem jor development in the local ed to be in association with "the tourism industry, HT Sher- No. 1 company in Israel." He not- aton International took over ed that Sheraton was the first in- 50 percent of the ownership of ternational hotel chain to come to Koor Hotels and Resorts, which Israel when it arrived 25 years presently manages the Paradise ago. He also promised that the in- hotel chain. Neither rrr Sheraton nor Koor ternational company would back would specify what the former its commitment with further in- gave the latter in return for the vestments, although he could not say when such investments would stake. The agreement was announced be made or with what magnitude. Mr. Gaon noted that it has been at a ceremony in which Robert Cotter, president of Sheraton Eu- Koor's policy over the past four rope, and Benny Gaon, director of years to join forces with leading the Koor conglomerate, signed a international companies. He said that Koor had set up memorandum of understanding. The new jointly owned compa- Koor Hotels and Resorts two years ny is to be known as Sheraton Is- ago to show its seriousness about rael, and is to be headed by Raphy entering the field of tourism and Weiner, director of Koor Hotel and to justify a linkage with an inter- Resorts, who had previously been national company like Sheraton. So far, Koor has about $100 general manager of the Jerusalem million invested in tourism, he Sheraton Plaza Hotel. On Jan. 1, four of the five Par- said. Gaon said that the agree- adise properties, including two ho- ment symbolized Sheraton fly's tels in Eilat and one each in confidence in the Israeli economy Jerusalem and Tiberias, are to be- and in Koor. Mr. Gaon also expressed the come part of Sheraton ITP's new Four Points chain, which will be hope that the link with rrr Sher- a network of moderately priced aton would forge a connection be- tween Koor and ITT Sheraton's hotels. When it is completed, the parent company, ITT, especially Herod's Hotel in Eilat, for which in the capital market. One of the main attractions of Koor has a management agree- ment, is to become a Sheraton ho- Sheraton, Mr. Cotter said, was its reservations system, which he de- tel. There are presently two Sher- scribed as the most far-reaching aton hotels in Israel, in Tel Aviv in the world. Another advantage, he said, and Jerusalem. According to Mr. Cotter, the ho- was that the company would be tels are to be the first Four Points able to bring in personnel from hotels in the Europe-Middle East abroad . ❑ * ***4**** *Annual percentage yield when compounded quarterly. Rate is accurate as of 9/13/96. Penalty for early withdrawal from certificate accounts may be assessed. Your Home or Office 4 4 ,‘,..,......... custom shirts by marilyn Our team of experts will help you create a custom Internet prese ince )00#101‘ for you to attract new clients and P 4 explode your business into ,/i/ 1001 i 21st century! Custom Shirts & Accessories At Discounted Prices Men's Fashion Coordinator & Shirt Designer For 20 Years 4/4 Me N- 4}-1215 •• • • • • • • • • • • • 1700 N. Woodward Ave., Suite 200, Bloomfield Hills, MI 48304 e-mail: info@glolink.com EBRATION CONNECT 805 E. MAPLE • 111101INGHAM DIRECTORY in our Classified Section 1.11M110■ (Bet.,1(h U ms. A:: Hunter) S10-647-9090 In advance of the November National Women's Division Jerusalem 3000 Recognition Ceremony in Israel, $1,037,000 in Israel Bonds was realized in tribute to Tillie Brandwine at a Women's Division Golda Meir Jerusalem 3000 Tribute Dinner hosted by Marlene and Paul Borman and chaired by Penny Blumenstein, Marlene Borman and Doreen Hermelin. Shown are Barbara Stollman; Linda Scherzer, guest speaker; Marlene Borman; Tillie Brandwine; Doreen Hermelin and Penny Blumenstein.